EXECUTIVE SUMMARY

A PRIME RIVERSIDE REDEVELOPMENT OPPORTUNITY NEAR COLCHESTER'S TOWN CENTRE

Freehold development site extending to approximately 1.56 acres (0.63 hectares).

Multiple potential end uses including residential, commercial, sheltered housing and care home (subject to planning permission).

Located to the north-west of Colchester Town centre, adjacent to both residential and employment uses.

0.4 miles from Colchester High Street and 0.7 miles from Colchester’s mainline train station.

Unconditional and STP offers for the freehold interest invited by 12 noon on Friday 17th October 2025.

THE LOCAL AREA

COLCHESTER IS A CONVENIENT COMMUTER SETTLEMENT WITH A VIBRANT CULTURAL SCENE AND LIVELY ATMOSPHERE.

Colchester is a historic town in Essex, known to be the oldest recorded town in Britain, and once the capital of Roman Britain. Remnants of its Roman past can still be seen today, such as the impressive Colchester Castle, which is the largest surviving Norman Keep in Europe.

In 2022, as part of Queen Elizabeth II’s Jubilee celebrations, Colchester was granted city status.

The east of the city is home of the University of Essex, which attracts a diverse student population.

ACCESS AND CONNECTIVITY

The town is well-connected by both road and rail, with easy access to the A12 trunk road linking the town with London to the south-west and Ipswich to the north-east.

Colchester North railway station is on the London to Norwich mainline, with a fastest journey time to the capital of approximately 45 minutes.

Colchester Town Railway Station lies just under 1 mile to the south-east of the site, offering a direct service to London Liverpool Street in approximately 1 hour 10 mins.

The site is an approximately 10 minute walk from Colchester High Street (0.4 miles).

SITE DESCRIPTION

THE SITE IS BROADLY RECTANGULAR IN SHAPE, EXTENDING TO APPROXIMATELY 1.56 ACRES (0.63 HA) AND COMPRISING A 4 STOREY 1970'S OFFICE BUILDING WITH EXTENSIVE CAR PARKING.

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. Given the large amount of surface car parking, the site currently has an open character, whilst the character of its surroundings is more heavily developed.

The site was previously in use as offices (Class E) and occupied by the vendor.

PLANNING CONTEXT

SHEEPEN PLACE IS LOCATED WITHIN THE PLANNING JURISDICTION OF COLCHESTER BOROUGH COUNCIL.

The site is within Colchester Borough Council’s settlement boundary where the principle of development is established.

The entirety of the site is located within flood zones 2 & 3 with a medium to high risk of flooding. Any planning application will be required to include a Flood Risk Assessment.

The site is within an area of exceptional archaeological potential. It is advised that any future planning applications will require an archaeological desk-based assessment and the results of a trial trenching evaluation.

PLANNING POTENTIAL

In accordance with local policy, the ongoing use of the site for office or commercial uses would likely be supported. Additionally, proposals involving the refurbishment of expansion of the existing building including development extending into the existing car park are also likely be considered favourably.

Subject to planning approval, the current policy context would support a range of alternative residential uses including market housing, care homes, and sheltered accommodation.

The building may also benefit from a permitted change of use from office to residential under permitted development rights. Similar office buildings nearby, also within flood zone 2/3, have benefitted from successful prior-approval applications for a change of use to residential.

FURTHER INFORMATION

VIEWINGS Viewings should be arranged by prior appointment with the selling Agent. Applicants should note that Strutt and Parker take no responsibility for any injury or accidents on the property. Viewers and visitors do so at their own risk.

INFORMATION PACK An Information Pack is available on request via the selling agent.

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 achieved as a result of the marketing campaign.

The Vendors do not undertake to accept the highest or indeed any offer. Offers are sought on an unconditional and/or Subject to Planning (STP) basis.

Informal tenders should be sent to James Marner (James.Marner@struttandparker.com) and received by no later than 12 noon on Friday 17th October 2025.

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

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

LEGALS The Purchaser will be expected to give a legal cost undertaking of up to £20,000 plus VAT in the event they withdraw from the transaction following agreement of Heads of Terms and issuing of contract documentation.

TITLE INFORMATION The Freehold offered for sale is held under the following title number EX611426. Further title information is contained within the Information Pack.

SERVICES We have not tested any of the service installations and provide no warranties as to their condition. Prospective purchasers should confirm the availability of services for their own proposals via the appropriate statutory undertaker.

ENQUIRIES

EASTERN REGION DEVELOPMENT

JAMES MARNER Senior Director +44 (0) 7471 354116james.marner@struttandparker.com

HARRY COLE Development Surveyor +44 (0) 7818 240654harry.cole@struttandparker.com

IMPORTANT NOTICE: Misrepresentation Act: BNP Paribas Real Estate for themselves and for their vendors or lessors of this property whose agents they are, give notice that: (1) these particulars are set out as a general outline only, for the guidance of prospective purchasers or lessees and do not constitute the whole or any part of an offer or contracts: (2) all descriptions, dimensions, references to conditions, necessary permissions for use and occupation and other occupation and other details contained therein are given without responsibility and prospective purchasers or lessees must not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to their accuracy: (3) no employee of BNP Paribas Real Estate has any authority to make or give any representation or warranty or enter into any contract whatever the relation to the property: (4) rents or prices quoted in these particulars may be subject to VAT in addition. (April 2025).

This property has 1.56 acres of land.