12-13 Magdalen St
Colchester CO1 2JT
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Planning permission granted for residential 23 units
- Of interest to investors, owner occupiers and developers
- Freehold building currently comprising a former shop on ground and first floors
EXECUTIVE SUMMARY
Currently comprises 275.10 sq m (2,961 sq ft) over ground and first floors.
Planning permission has been granted on 18th May 2023 (ref: 222734) for the demolition of existing buildings. Proposal for two buildings separated by a courtyard space to provide HMO use with a total of 23 ensuite bedrooms. Front building to be 3 storeys plus 1 storey in roof space, rear building to be 2 storeys.
Planning permission has been granted on 18th May 2023 (ref: 222734) for the demolition of existing buildings. Proposal for two buildings separated by a courtyard space to provide HMO use with a total of 23 ensuite bedrooms. Front building to be 3 storeys plus 1 storey in roof space, rear building to be 2 storeys.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Tenure
Freehold
Building Size
2,961 SF
Year Built
1980
Price
£525,000
Price Per SF
£177.30
Tenancy
Single
Number of Floors
2
Building FAR
0.81
Lot Size
0.08 AC
Frontage
41 ft on Magdalen Street
