ADDRESSCar Park, Old Coach Road, Colchester, Essex, CO1
TYPELand, Land, Land, Commercial Land
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON19th October 2021
The site is rectangular in shape with a tarmacadam and level surface with sixteen marked car parking bays, two of which are oversized.
There is a singular point of vehicular access at the northern end of the site, onto Old Coach Road, with a security / access barrier.
The site is currently operated as a pay and display and has been used primarily as an overflow car park by The Rose and Crown Hotel,
Accommodation Site AreaApprox.0.182 Acres (0.074 Ha)
Terms The site is to be sold freehold, with offers invited in excess of £150,000.
We are advised that VAT is applicable.
Title Number: EX438794.
Services We understand that there is power to the site however, we recommend interested parties to make their own enquiries for the suitability of any connections for their proposed purposes.
Planning We are advised that the site currently benefits from consent for the use as a car park.
For alternative uses all interested parties are advised to take their own independent professional advice and to contact the Planning Department at Colchester Borough Council.
Business Rates We have been informed that the rateable value is £600.
For rateable values below £12,000 100% rate relief may be available, subject to eligibility. We recommend all parties make their own direct enquiries with the Colchester Borough Council Business Rates department to confirm their liabilities.
VAT We are advised that VAT is applicable on the sale price.
Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.
Legal Costs Each party will bear their own legal costs.
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 email@example.com