12 bedroom house of multiple occupation for sale
Key information
Property description & features
- Tenure: Freehold
- Stunning City Centre Building
- Application Running To Convert Into 13 Room HMO
- Lapsed Planning Permission To Convert Into 5 Residential Apartments
- Secure Car Park To Rear For 14 Cars
- Currently Let As One Office at £50k Per Annum
- Being Sold with Vacant Posession
- Fantastic Investment Opportunity
- Call Now To Arrange Your Private Viewing
A fantastic, rare investment opportunity has arisen to within this beautiful Grade II listed building set on this sought after street in the centre of Colchester's vibrant City Centre, which is currently being used as one large office space however is being offered for sale with permission soon to be granted for conversion into a 12 bedroom, 7 bathroom HMO.
An application has been submitted to Colchester Borough Council for a fairly simple conversion of this historic building to create a superb House Of Multiple Occupancy, with a total of 13 bedrooms, 7 bathrooms, 3 kitchens and a basement level recreational and laundry space with a projected income of £10,500 pcm. Full information on this application can be found on Colchester BC's planning portal using reference number 241368.
The property also benefits from a secure car park to rear with a total of 14 spaces, accessed via Balkerne Passage. This could generate an additional income or increase the monthly income for the individual rooms.
As previously mentioned the property is currently used as one large office and let at £50,000 per annum, with the current tenants vacating in November 2024.
Furthermore the property benefits from lapsed planning consent for the conversion into a total of 5 residential apartments, in our opinion this could easily be granted again if desired. Information on this application can be found Colchester BC's planning portal using reference number 151528.
Enquiries strictly to go strictly via our offices, please contact us if you require further information or if you'd like to arrange your private viewing, which can be accommodated on request.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 28159141. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Michaels Property Consultants - Colchester.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on September 11, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on September 11, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.