No longer on the market
This property is no longer on the market
Floorplan
Map12 bedroom block of apartments
Key information
Features and description
- Full planning permission to convert into 12 room hmo
- Stunning City Centre Building
- Lapsed Planning Permission To Convert Into 5 Residential Apartments
- Secure Car Park To Rear For 14 Cars
- Currently Let As One Office at £50k Per Annum
- Being Sold with Vacant Posession
- Fantastic Investment Opportunity
- Call Now To Arrange Your Private Viewing
A fantastic, rare investment opportunity has arisen to within this beautiful Grade II listed building set on this sought after street in the centre of Colchester's vibrant City Centre, which is currently being used as one large office space however is being offered for sale with FULL PLANNING PERMISSION for conversion into a 12 bedroom, 7 bathroom HMO.
An application has been APPROVED by Colchester Borough Council for a fairly simple conversion of this historic building to create a superb House Of Multiple Occupancy, with a total of 12 bedrooms, 7 bathrooms, 3 kitchens and a basement level recreational and laundry space with a projected income of £10,500 pcm. Full information on this application can be found on Colchester BC's planning portal using reference number 241368.
The property also benefits from a secure car park to rear with a total of 14 spaces, accessed via Balkerne Passage. This could generate an additional income or increase the monthly income for the individual rooms.
As previously mentioned the property is currently used as one large office and let at £50,000 per annum, with the current tenants vacating in March 2025.
Furthermore the property benefits from lapsed planning consent for the conversion into a total of 5 residential apartments, in our opinion this could easily be granted again if desired. Information on this application can be found Colchester BC's planning portal using reference number 151528.
Enquiries strictly to go strictly via our offices, please contact us if you require further information or if you'd like to arrange your private viewing, which can be accommodated on request.
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