Mile End Road, Colchester

£450,000

5 Bedrooms / 5 Bathrooms / 2 Reception

  • 1 Bedroom Flat Included
  • 2 Bedroom Flat Included
  • Commerical Building/Retail Unit
  • Planning for 5 New Studio Flats
  • Parking and Next to the Station
  • Current Rental £13,000 PA

5 photos

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Summary

Property Street Colchester are delighted to offer for Sale and Redevelopment this exciting opportunity on Mile End Road, Colchester. Planning permission was granted on the 29th November 2013 (Application No: 131511) to demolish 37 Mile End Road and to erect a two storey building comprising of 5 student apartments with a first floor link to the adjacent property which are included in the sale comprising 1 x 1 bedroom flat and 1 x 2 bedroom flat which currently generate an annual income of £13,000pa. Each of the 5 new studios would benefit from an en-suite and access to a communal Kitchen/Lounge area to the ground floor and a roof terrace on the first floor. To arrange your viewing please contact Property Street on 01206 865357 where keys are available or send us an email to info@propertystreet.co.uk.

Planning -
Planning Permission was granted on 29th November 2013. Application No: 131511. Full details of the application and decision notice can be obtained via Property Street or Colchester Council's Website. Interested parties are recommended to make their own enquiries with the local Planning Authority to ensure that any proposed use is in accordance with the current planning policy.

Business Rates -
37 Mile End Road is entered on the 2010 rating list as Shop and Premises with a current rateable value of £4,250. Interested parties are advised to seek verification from Colchester Council's Business Rates department.

Agents Notes -
Property Street Estate Agents Only Charge 0.7% plus vat to sell a Property.
Ask us to today about a free valuation and how we can advertise your Property.

Reference: RENT000621


Disclaimer

These particulars are intended to give a fair description of the property in our honest opinion but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

Chelmsford Office

Property Street
Imperial House
Cottage Place
Chelmsford, CM1 2NY
Phone: 01245 344 399
 

Colchester Office

Property Street
109b Magdalen Street
Colchester
CO1 2LA
Phone: 01206 865357
 

Harlow Office

Property Street
Harlow Enterprise Hub, Kao Hockham Building
Edinburgh Way, Harlow, CM20 2NQ
Phone: 01279 279 979