Property Image
Property Image

For Sale: £950,000

Under Offer

Ryegate House, 23 St Peters Street, Colchester, Essex, CO1

Property Image
Property Image
  • Area

    area
    9354Sq Ft

Location
The property occupies a prominent location on the south side of St Peters Street with a rear elevation onto Northgate Street which also has a pedestrian access to it. The immediate vicinity offers a range of office, business and residential properties with the bias increasingly becoming the latter. Close by there is also a Premier Inn.

Transport links are excellent. The town centre is within walking distance and from nearby North Station there are frequent train services to London Liverpool Street Station, the fastest journey time being just under 1 hour.

Colchester is one of the fastest growing towns in the UK and the A12 provides direct access to the M25 to the south or the A14 to the north of Ipswich.

Description
The property comprises a detached purpose built office building arranged on ground, first and second floors with brick elevations and a flat roof.

The offices are arranged on a mainly open plan basis around a central structural core and each floor is of concrete construction. The offices were occupied by a Government agency until mid 2020 and have been vacant since that time. Indicative floor plans are on Page 3 of these particulars, larger scale copies are available upon request.

Accommodation
Each floor is partitioned differently and share a central staircase.

Ground Floor GIA 281 sq m 3,024 sq ft
First Floor GIA 294 sq m 3,165 sq ft
Second Floor GIA 294 sq m 3,165 sq ft
Total 869 sq m 9,254 sq ft

Prospective purchasers should rely upon their own inspection and measurement.

Car Parking
There are currently 3 car parking spaces off St Peters Street with potential for 2 - 3 further spaces.

Planning
The property benefits from a longstanding B1 office use and, subject to planning consent, has significant potential for alternative residential use.

Under Application No: 150982 Colchester Borough Council confirmed prior approval for conversion into 14 self contained flats on the 7th July 2015.

This prior approval has now lapsed but copies are available upon request.

The property is not Listed or within a Conservation Area but prospective purchasers should note that it is located very close to the course of the former Roman Wall which ran along Northgate Street, this may have planning implications, albeit it was not referred to in the Prior Notification previously secured.

EPC
The property carries a current EPC rating of E-124.

Rateable Value
The property has an entry in the current Valuation List as 'Office and premises' with a Rateable Value of £61,000.

VAT
The property is not VAT elected

Terms
Offers are invited in excess of £950,000 for the freehold interest with vacant possession.

Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.

Viewing
Strictly by appointment via sole agents:

Fenn Wright
01206 85 45 45
fennwright.co.uk
colchestercommercial@fennwright.co.uk

Features

  • Freehold Office Building with Residential Potential
  • Ground, First & Second Floor Accommodation
  • Vacant Possession
  • Previous PD Consent for 14 Self Contained Flats
  • Not VAT Elected
  • Excellent Town Centre Location

Map

Call

Lewis Chambers

01206 854545
Make an enquiry

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