12-13 Magdalen St
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12-13 Magdalen St
2,961 SF Retail Building Colchester CO1 2JT $830,724 ($281/SF)
Investment Highlights
- Planning permission granted for residential 23 units
- Of interest to investors, owner occupiers and developers
- Freehold building currently comprising a former shop on ground and first floors
Executive Summary
Currently comprises 275.10 sq m (2,961 sq ft) over ground and first floors.
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.
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.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Tenure
Freehold
Building Size
2,961 SF
Year Built
1980
Price
$830,724
Price Per SF
$281
Tenancy
Single
Building Height
2 Stories
Building FAR
0.81
Land Acres
0.08 AC
Frontage
41 FT on Magdalen Street
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Nearby Major Retailers
-
George Goucher -
Savills
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12-13 Magdalen St
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