29 Crouch Street, Colchester, Essex, CO3 3EN
- PROPERTY TYPE
Mixed Use
- SIZE
Ask agent
Key features
- Freehold
- By appointment with the auctioneers
Description
MIXED USE INVESTMENT / REDEVELOPMENT: A FREEHOLD MIXED USE PROPERTY IN THE HEART OF COLCHESTER TOWN CENTRE PREVIOUSLY LET FOR £27,000 PER ANNUM.
A freehold mixed use property over 3 levels formally let to Michaels property consultants. The ground and first floor comprise of office space with facilities and the top floor comprises of a one bedroom apartment which is currently let for £650 per calendar month. It is considered that it may be possible to convert the first floor office space to create another residential apartment subject to the relevant permissions.
Ground and first floor floor retail / office accommodation, extending to approx 663 sq.ft.
The ground floor is open in layout, with stairs down to a basement and a rear exit to an enclosed courtyard. The first floor comprises two offices and kitchen and WC facilities.
The second floor comprises a one bedroom residential flat, extending to approx 446 sq.ft.
We are advised that the top floor flat is currently producing an income of £650 per month ( £7,800 per annum ) We have also been advised that the whole property which included the subletting of the above apartment was achieving a rent of £27,000 per annum.
For all planning enquiries please contact Colchester Borough Council planning on
E
Brochures
Legal Documents29 Crouch Street, Colchester, Essex, CO3 3EN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colchester Town Station0.4 miles
- Colchester Station0.9 miles
- Hythe Station1.4 miles
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dedman Gray Auctions, Essex on 01702 311010.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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