12-13 Magdalen Street, Colchester | Property for sale | Savills
Guide price £530,000(€629,454)

12-13 Magdalen StreetColchester

  • Freehold
Investment

Key features

  • Of interest to investors, owner occupiers and developers
  • Freehold building currently comprising a former shop on ground and first floors
  • Planning permission granted for residential 23 units
  • Currently comprises 275.10 sq m (2,961 sq ft)
  • Vacant

To be sold via online auction on 24th September unless sold prior. Find out more...

About this property

  • Of interest to investors, owner occupiers and developers. Freehold building currently comprising two shops with ancillary accommodation on first and second floors. Vacant.

Local information

  • The property is located in a prominent position on the south side of Magdalen Street, opposite Colchester Town Station and Colchester Magistrates Court.
  • Opposite Colchester Town Train Station

Additional information

  • Accommodation:
  • Please note the approximate areas have been provided by the VOA/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.
  • Currently comprises 275.10 sq m (2,961 sq ft) over ground and first floors.
  • Planning:
  • 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.
  • The property currently comprises a two storey building arranged as a former shop/trade counter. The property benefits from planning permission granted for a total of 23 en-suite units.