184, Magdalen Street, COLCHESTER, Essex, CO1 2JX

Freehold Mixed Use Building
Significant Redevelopment Potential
Central Location with Recent nearby New Developments
Full Vacant Possession
Entire Building and Land Included

Location:
This substantial building and land is located in the heart of Colchester with the rear of the property backing on to the station car park and the main shopping heart of Colchester located within a 10 to 15 minute walk.
Magdalen Street form part of the A134 and is one of the main arterial links to the town with the street having seen significant residential and commercial development in recent years. In fact , this and adjoining buildings form part of the few yet to be developed properties in the locality and holds significant prospects subject to all necessary consents. The town provides a significant range of both shopping facilities and recreational amenities. In addition to good road links, public transports services are provided by local bus services whilst Colchester Town Station is within 0.2 mile and provides direct links to London Liverpool Street.

Description/ Development:
This substantial building is arranged over four floors with lower ground, ground and two upper floors extending to a total of some 435.6 sq. m (4,689 sq.ft.) plus external yard area/ parking to the rear. The building currently provides retail and ancillary space at ground floor, lower ground floor storage, workshop and associated space with the two upper floors in residential use. Currently offered in a poor state of repair prospective purchasers may wish to consider not only refurbishment and extension/ re utilisation of the existing space or, a more comprehensive scheme similar to that shown in the indicative
computer generated image within these particulars. The property is sold on an unconditional basis and prospective buyers are deemed to rely upon their own planning enquiries, and whilst invited to use the CGI in these details to take forward planning enquiries, should note this CGI is an indicative idea only.

Local Authority Planning Department:
Colchester Borough Council
www.colchester.gov.uk
Email: planning.services@colchester.gov.uk
Telephone: 01206 282424

To View:
Strictly and Only by prior arrangement with the auctioneers





Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.