Freehold Pub In Colchester Essex For Sale

Business description

Freehold Pub For Sale In Colchester, Essex

LOCATION

The property is on one of Colchester's main thoroughfares, Magdalen Road (A134) in Essex. Both Colchester Town Rail and Hythe Rail Stations are within walking distance.

PROPERTY

Two storey, detached freehold property suitable for any A1-A4 use. The property benefits from approximately 2,500sq.ft of outdoor space.

FURTHER INFORMATION

Vacant possession

Development potential (STPP)

Approx gross site area: 4,080 sq.ft*

Approx ground floor foot plate: 1,542 sq.ft*

Rateable Value: GBP5,200

Unconditional offers are invited for our clients unencumbered interest.

The property represents excellent value for continued licensed use / owner occupation. There is also potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.

The existing use class of the property is A4 'Drinking Establishments'. Planning consent is not required to change the current use to A1 (shops), A2 (financial and professional services) or A3 (restaurants and cafes).

Please note that VAT may be applicable in this matter.

Property information

Property:

Freehold

Location:

Magdalen Street
Essex
CO1