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An exciting investment opportunity has arisen within this iconic city centre commercial building offering over 5,300 square feet of internal space, with full planning permission to convert the rear and upper parts into a total of four large residential apartments and retain a fantastic commercial unit on the ground floor.

Set in a prominent city centre position on Head Street, this exceptionally spacious former bank building forms part of a parade of extremely popular shops and outlets including the Odeon Cinema, Nandos, H&M to name just a few and therefore serves as an important commercial retail centre as well as being renowned as an ideal location for commuters.

Planning was recently granted to convert the rear and upper parts of the building to create four large residential apartments comprising of:

Flat 1: Two bedroom 1st floor apartment at 920 square feet

Flat 2: Three bedroom Duplex apartment at 1,254 square feet

Flat 3: Three bedroom 1st floor apartment 1,184 square feet

Flat 4: Two bedroom ground floor apartment at 720 square feet

Furthermore as previously mentioned there will also be a large commercial street front unit retained on the ground floor with 2,300 square feet of accommodation suiting a variety of uses.

Full information regarding the planning can be found on the Colchester Borough Council planning portal using reference number: 230237

Keys are being held in branch and we would advise internal inspections to appreciate the sheer size of accommodation on offer, please contact Michaels Commercial to arrange your visit.

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About this agent

Michaels Property Consultants - Colchester

62 Head Street Colchester, Essex CO1 1PB

01206 988896

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Positioned in the heart of this historic town, our offices take prime location in an elegant and beautifully restored early Victorian property, which sits on the prestigious Crouch Street. Crouch Street has for many years been awarded the accolade of being the ‘Little Hamptons’, the road is full of quaint and bespoke shops, adorable eateries and of course a great Property Consultants! Since opening our doors to business in March 2013, we have taken the town and surrounding area by storm. All staff are local to the area and they have a great understanding and insight into the local market conditions. All of our team have worked in property, within the town for many years and unlike any other agent, Michaels really does have brand loyalty. “There is nothing more rewarding than a potential customer asking us if we can provide them with the same service as we gave to their friend. I can’t tell you how passionate we are about Customer Care. That comment makes me happy.” Said Mike, one of the Company Directors. The whole ethos and ethic of the team is to advise, assist and guide clients through the process and to do this as seamlessly as possible. We think that our working environment and our staff, need to mirror our professional standards. We are working from a beautiful office building, in the best position in town and we have trustworthy and professional staff to support us.

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