Get brand editions for Boydens, Colchester

2 bedroom property for sale

Barrack Street, East Colchester

Sold STC £250,000

Property Description

Key features

  • MIXED USE
  • TWO BEDROOM FLAT
  • B1 USE CLASS DOWNSTAIRS
  • PARKING TO REAR
  • SHUTTER DOORS TO REAR
  • POTENTIAL TO DIVIDE FURTHER
  • NO ONWARD CHAIN
  • POPULAR TRADING LOCATION
  • LOCAL AMENITIES
  • EPC - TBA

Full description

Tenure: Freehold

Boydens are pleased to bring to the market this mixed use property which offers the onward purchase a number of options moving forwards.

Ground Floor Commercial Unit
The property consists of a downstairs commercial space which has had a number of different uses including B1, A1 Retail sapace as well as A4 (Drinking establishment). There are three large glazed windows to the front aspect with stairs leading to the main retail space, there is also a basement for storage purposes in this front area. There is a door on the left side leading into an office space with ground floor WC and access to the rear parking. To the right of the main space is a studio area with sink and three shutter doors to the left previously this was used to bring product into the property. There is a door at the end of this space which leads into the warehouse which was built by the current owners and could be used for a number of different uses (kitchen for restaurant, separate flat STPP).

First Floor Flat
On the first floor there is a two bedroom flats, accessed from the side through a door into an inner lobby with shower room (for the commercial use downstairs) leading to a private front door leading to stairs to the first floor. The flat consists of a lounge with separate fitted kitchen. The master bedroom benefits from an en-suite shower room with a second bedroom and family bathroom and is currently rented out at £650 per calender month until August 2020.

Potential to Re-configure
The property could be further split to create another residential rental income through converting the rear warehouse into a sperate flat or potentially converting the whole of the ground floor into two separate residential units (STPP).

Yields & Rents
The ground floor space has been rented out previously at £750 pcm (not including the warehouse) £9,000 per annum.
The first floor flat is rented out at £650 pcm - £7,800 per annum.
The warehouse is 484 sq ft with average rents being £6 per sq ft in the area.
Current Rateable value is £6,300.

Location
Located in the New Town area of Colchester the property is a short distance from many local amenities including the town centre which offers both High Street shops and good smaller independent stores. A Tesco superstore is just under two miles away and Essex University is also approximately under two miles away. For commuters Colchester’s Hythe station is a short 0.5 miles walk away which offers links to London's Liverpool Street.


Listing History

Added on Rightmove:
31 October 2019

Nearest stations

  • Colchester Town (0.4 mi)
  • Hythe (0.6 mi)
  • Colchester (1.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Boydens, Colchester

Aston House, 57-59 Crouch Street Colchester CO3 3EY

01206 916226 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Boydens, Colchester

Aston House, 57-59 Crouch Street Colchester CO3 3EY

01206 916226 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Colchester Town (0.4 mi)
  • Hythe (0.6 mi)
  • Colchester (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Boydens, Colchester

Aston House, 57-59 Crouch Street Colchester CO3 3EY

01206 916226 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2517528. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Boydens, Colchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.