ADDRESSMuseum Resource Centre, 14 Ryegate Road St. Peters Street, Colchester, CO1 1ED
TYPEOther, Residential, Leisure, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON1st November 2019
**Unsold, the last bid was £970,000. Please refer to Auctioneer for Reserve**
A Well Located Substantial Former Museum Measuring Approximately 13,888 sq. ft. (1,290 sq m). Offered with Planning Permission to Convert the Existing Property to Provide Nine Large Self-Contained Flats with Associated Parking.
The property comprises a substantial part three, part five storey building formerly used as a museum. There is currently planning permission to create nine luxury apartments but we understand from the vendor and their planning adviser that an alternative scheme for 17 units would be considered favourably (subject to obtaining all relevant consents).
The property is situated in a sought after position of this historic town. Colchester Castle and Castle Park are immediately to the east of the building. All Town Centre shops, leisure facilities and railway stations are within easy walking distance.
Colchester Borough Council granted the following planning permission (ref: 182869) on 26th July 2019:
"For the conversion of the building from Class D1 (museum) to residential use (Class C3) (nine apartments) with associated demolition works; internal and external alterations; car/cycle parking and bin storage areas and infrastructure works."
We have been told that the vendor's planning advisers are of the opinion that an alternative scheme for 17 units would be considered favourably.
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.