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Investment for sale in Colchester

37 North Hill, Colchester, Essex
For sale
£170,000
AUCTION PROPERTY
clive-emson-auctioneers
This property is marketed by:
Clive Emson Auctioneers
This established and characterful commercial premises is situated in Colchester City centre. Colchester was granted city status in 2022 and has a thriving centre with shopping, bars and restaurants, recreational facilities and transportation links including railway stations connecting to London (Liverpool Street).

The property (parts of which are believed to date back to 1510), comprises a ground floor sales area, basement and upper parts which were formerly held on a leasehold basis as residential accommodation. There may be potential to reinstate the residential status of the upper parts, subject to all necessary consents being obtainable. There may also be potential to operate an Airbnb from the upper parts as, indeed, other properties in North Hill have successfully done to take advantage of the location being so accessible to the historic city centre theatres and castle park.

Ground Floor
Main shop/sales area, cloakroom/W.C. and rear entrance hall with stairs.

First Floor
Landing, office, kitchen and bathroom.

Second Floor
Office/store.

Basement

Local Planning Authority
Colchester City Council. Tel: 01206 282222. Website: colchester.gov.uk.

Freehold with Vacant Possession

Commercial EPC: D


Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.


Please note, following the Governments advice, lots are now being offered via our online platform. To register for our online auction please go to our online auction page https://www.cliveemson.co.uk/online/. For further information please go to cliveemson.co.uk or call us on 01622 608400.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/

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