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    Key features

    • Planning consent for two new residential blocks, 55 units in total
    • Comprising of 1 and 2 bedroom apartments
    • The site also has the benefit of another planning consent for sheltered housing
    • Site area extends to approximately 1.2 acres (0.5 hectares)
    • Freehold with vacant possession
    • Central Colchester location

    Description

    The site is irregular in shape and extends to approximately 1.2 acres (0.5 hectares)and is currently used as Lookers car show room. The premises comprises a main building to the north of the Site and a storage building to the south.

    The main building comprises a car showroom at ground floor, with offices above, a six bay workshop to the rear and a sales office to the front. The storage building comprises a front reception area with a storage area behind.

    Externally, the Site is laid to a mixture of tarmac and concrete and provides parking for approximately 170 cars.

    The property has planning permission for 55 units (please refer to planning section)

    Proposed Schedule for Approved Planning permission

    Additional information

    Tenure

    Freehold.

    Tenancy

    Vacant Possession.

    Planning

    Colchester Borough Council

    Planning ref: 220747

    Description: Demolition of the existing car showroom buildings and construction of two no. residential apartment buildings, block one comprising 45no.1 and 2 bedroom apartments, and block two comprising 10no. 1 and 2 bedroom dwellings, together with associated access, basement, above ground parking and landscaping, and communal roof terrace. In addition, the planning provides provision for a 45 space underground basement car park and 10 ground level parking spaces.

    It is recognised that developers may wish to amend the planning permission to remove the underground car park.


    Info can be downloaded from the councils website


    Sheltered housing - click here


    Residential - Click here


    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

    VAT may be applicable for this property - please refer to legal pack.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Colchester town centre, on the eastern side of Military Road, approximately1.0 km (0.6 mi) to the south east of Colchester town centre, 25.5 km (15.9mi) to the south west of Ipswich, 34.6 km(21.5 mi) to the north east of Chelmsford and 81.5 km (50.6 mi) to the north east of central London.

      Colchester accommodates a range of facilities and amenities, including: takeaway restaurants, cafes, restaurants, supermarkets, banks and shops.

      In terms of transport connections, the site is located approximately 0.5 km (0.3mi) to the south east of Colchester Town station, which provides direct Greater Anglia services to London Liverpool Street, Colchester and Walton on the Naze. In addition, the site is located approximately 3.3 km (2.1 mi) to the south east of Junction 27 of the A12,which extends from Ipswich to Canary Wharf.

      Legal documents

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      EPC rating

      The EPC rating for this property is C

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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