Marketed by
Warrant Properties
Watford
1 Wellstones, Watford WD17 2AE
Available
1 of 28
Fixed Price
£1,250,000
3-5 Culver Street East, Colchester, Essex, CO1 2PJ (2 of 2 Buildings)
Key features
- 4No. residential flats over first and second floors let on Assured Shorthold Tenancies
- 3No. newly converted residential flats let on Law of Contract (Non-Housing Act 1988) Tenancies over ground floor.
- Current Rental Income £81,840 per annum
Description
Colchester is an historic market town situated on the River Colne in the county of Essex around 18 miles south west of Ipswich, 25 miles north-east of Chelmsford and 66 miles north east of London. Colchester, which has a population of over 197,200, is a major commercial, retail and administration centre for the region as well as a notable garrison town for the British Army. Colchester, the second largest settlement (by population) in Essex, is Britain’s oldest recorded town and a well-known Roman settlement and modern day garrison and university town. Colchester has good communication links being served by the A134 and a number of B-roads with the A12 trunk road and A120 by passing the town to the north and east which in turn provide access to the A14 and M25 London Orbital motorway. Colchester Train Station is operated by Abellio Greater Anglia and provides local and mainline services with a travel time to the City of London of approximately 45 minutes. London Stansted Airport is 32 miles to the west.
The property stands in an attractive setting overlooking All Saints Museum and the entrance to Castle Bailey. The property is situated on Culver Street East, approximately 50 metres from the High Street and 150 metres from the Lion Walk Shopping Centre. The property lies opposite to the Natural History Museum with surrounding properties comprising ground floor retail units with a mix of ancillary, office and residential accommodation above. The recently completed development on Queen Street provides a new exhibition space called First Site and a Curzon cinema with two retail/ restaurant units below. Restaurants within the town include ASK, PIZZA EXPRESS, NANDO’S, WAGAMAMA, ZIZZI’S, BILLS, CARLUCCIO’S, FIVE GUYS and TURTLE BAY, in addition to many independent operators.
The property comprises an18th Century building; Queens House which comprises of 2 Queen Street and 1 Culver Street East. Queens House comprises a Class E (formerly Class A3) restaurant on the ground floor / basement with six flats on the first / second floors. There is a large garden area to the rear. Planning and Listed Building consent was granted on the 29th November 2024 for the conversion of the Ground Floor and Basement at 1 Culver Street East into four self contained flats comprising 1No. 1 room, kitchen and bathroom/WC, 3No. 2 room, kitchen and bathroom/WC.
Marketed by
Warrant Properties
Watford
1 Wellstones, Watford WD17 2AE
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Available
- Photos available 14
- Brochure available
Fixed Price
£1,400,000
Investment for sale
2 Queen Street & 1 Culver Street East Colchester CO1 2PJ (1 of 2 buildings)
Please contact us for full details.
Marketed by
Warrant Properties Watford
Available
- Photos available 8
- Brochure available
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Guide Price
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- Photos available 10
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