Prime City Centre Development or Investment Opportunity

Sheepen Place, Colchester, Essex, CO2 2LP

LOCATION The town of Colchester is of great historic significance and is situated approximately 51 miles to the north of London. The town benefits from extensive retail, education, leisure and employment opportunities afforded by its good transport links and proximity to the River Colne Dedham Vale AONB and River Stour.

Colchester benefits from mainline railway services to London Liverpool Street with journey times of approximately 48 minutes. In addition, the Town enjoys easy access onto the A 12 providing fast road links to London and the rest of the county

The Town also has a number well regarded of primary and secondary schools within its catchment area.

The site is situated approximately 0 5 miles 11 minute walk) to the north east of the High Street and 0 7 miles 16 minute walk) from Colchester’s main train station to the north.

DESCRIPTION The site is regular in shape extending to 1.56 acres (0.63 ha) comprising large four storey 1970s office building extending to approximately 22,000 sqft (subject to survey) and extensive associated carparking.

The site overlooks the River Colne on its northern boundary with offices to the east a large apartment scheme to the west and Sheepen Place road to the south from which access is taken.

The site is currently in use as offices (Class E) by the Vendor.

PLANNING The site is situated in the Local Authority of Colchester Borough Council.

The site is within Colchester BC’s settlement boundary where the principle of development is established. Pre-application advice from Colchester Borough Council has been received for an residential led scheme. The submission sought to establish the principles of redevelopment, density, planning contributions, parking and storey heights.

A copy of the pre application response along with detailed planning briefing paper, layout plans and technical investigations is available within the data room.

SERVICES Prospective purchasers are advised to make their own enquiries with the relevant service providers.

TENURE The site is to be sold freehold with vacant possession.

VAT Any guide price quoted or discussed is exclusive of VAT In the event that a sale or any part of the right attached to it becomes chargeable for the purposes of VAT as such, the tax shall be payable by the purchaser.

EASEMENTS, WAYLEAVES AND RIGHTS OF WAY The land is offered subject to, and with the benefit of burden of all existing rights of way, wayleaves and easements, whether or not specifically referred to in these particulars

DATA ROOM Access to the Data Room containing all relevant sales particulars, planning information and a full suite of technical reports is available on request.

METHOD OF SALE Strutt & Parker have instructions to place the property on the market with a view to selling it at the best consideration which can be achieve as a result of the marketing campaign.

The vendors do no undertake to accept the highest or indeed any offer Offers are sought on an “unconditional 'and/or “subject to planning” basis.

Informal tenders should be sent to boris white@struttandparker com and received by no later than 12 noon on Friday 29th July 2022

Bidding guidance can be found within the Data Room.

VIEWINGS Viewings should be arranged by prior appointment with the Selling Agents Potential purchasers should note that Strutt Parker take no responsibility for any injury or accident at the property Viewers and visitors of this property do so at their own risk.

This property has 1.56 acres of land.

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Ref: CMR220004

Sheepen Place Colchester Essex CO3

From £8,000,000

Ref: CMR220004

Sheepen Place Colchester Essex CO3

From £8,000,000