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Lot 14
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12-13 Magdalen Street, Colchester, CO1 2JT

Sold for £275,000
Redevelopment opportunity... high profile central Colchester, approx. 4,500 sq. ft.

Property Details

Description

OVERVIEW

Situated opposite the new Colchester Magistrates’ Court and Family Court building, adjacent to the historic town centre and on a main arterial route, lies this extremely high profile former retail unit with extensive glass frontage.
Being only a stone’s throw from Colchester Town railway station,
regular services run through to the capital via London Liverpool Street.



Having been predominantly operated as a highly successful retail unit, we believe the property now provides an opportunity for similar use.



Key Features

  • HUGE POTENTIAL
  • HIGH PROFILE LOCATION
  • 4,500 SQ. FT. (STS)
  • RETAIL/OFFICE (STP)
  • OIL HEATING (N/T)
  • PHOTOS ONLINE
  • RESIDENTIAL REDEVELOPMENT (STP)
Tenure

Freehold

EPC

E

Viewing

By appointment with the Auctioneers

Solicitors

Joanna Crosby
Hayward Moon
Chestnut Court
Wingfield Street
Ipswich
IP4 1AR

Location

12-13 Magdalen Street, Colchester, CO1 2JT

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £720 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.