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"SOLD BY AUCTION FOR £253,000 To be sold by public auction on the owners instruction. A mixed use freehold, terrace property in need of modernisation and repair with an extent of approximately 3,206 SQFT and located in central Colchester. It is configured as a double fronted commercial retail space on the ground floor with a bar area, a serving counter, and to the rear of this, a commercial kitchen with storage and access to the courtyard, garage and parking space and rear access through a shared ginnel. There are two storage rooms accessed separately from the courtyard. The customer washrooms and laundry area are located at the rear of the ground floor.

The residential accommodation is located on the first and second floors, with access from the ground floor it comprises three double bedrooms, a bathroom and storage on the first floor, as well as a lobby exit to the flat roof to the rear. The second floor comprises a further two bedrooms and storage areas. To be sold via online bidding on Friday, 23 May 2025.

Auctioneers comments A unique opportunity to buy a large mixed use freehold property in central Colchester that has not been on the market for forty years and is ideal for investors, developers and business owners.

Auction date
The property is to be sold by public auction on Friday, 23 May 2025, with a two hour online bidding window.

Description
Mixed use, terrace, freehold, five bedrooms, garage, parking space

Location
Central Colchester, Essex, close to St Botolph s Church, 1.3 miles to Colchester railway station

Accommodation
Ground floor open plan commercial space, commercial kitchen, multiple storage rooms
First floor three bedrooms, bathroom, exit lobby, multiple storage areas
Second floor two bedrooms, multiple storage areas

Outside
External entry potch, Integral garage with access, ginnel access, parking space to rear, flat roof deck to rear of first floor

EPC rating
To be confirmed

Tenure
Freehold with vacant possession

Local authority and council tax band
Essex County Council
Colchester Borough Council
Council tax band C

Pre auction bids
To make a pre auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre auction bids, and no conditions will be acceptable. Should your pre auction bid be accepted, you will need to immediately pay the balance of the 10% deposit min. £5,000 and all auction fees listed. The Auctioneer reserves the right to refuse any bid.

Auction fees
In addition to the 10% deposit min. £5,000 of your winning bid, you must pay an auction buying commission of 2.5% plus VAT min. fee of £2,100.00 plus VAT of the purchase price and auction buying fee of £1,900.00plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding."