Artillery Street, Colchester,
** ATTENTION INVESTORS ** Offered to the market with no onward chain is this rare opportunity to develop the former foundry arms public house which is situated within a short walking distance to Colchester's Historic and vibrant Town Centre. The existing property has planning permission to convert into two residential dwellings comprising a mid terrace and an additional end of terrace property.
See attached the relevant planning permissions and architects drawings for each property. Each property would benefit from two large double bedrooms and an additional first floor study/bedroom three, family bathroom and an en suite to bedroom two. The ground floor consists of a lounge/diner, kitchen and a downstairs cloakroom for each dwelling. The end of terrace property further benefits from a basement/storage room.
Harris + Wood would estimate in todays market ( August 2021 ) for the terraced property to have a resale value of approximately £250,000 - £260,000 with the end terrace property fetching approximately £260,000 - £270,000. We would like to state that these prices are estimates and based on current market conditions which are subject to change.
Bar Area (12.75m x 7.00m (41'10" x 23'))
Female WC (2.54m x 2.24m (8'4" x 7'4"))
Male WC (2.24m x 1.75m (7'4" x 5'9"))
First Floor Landing
Living Room (6.05m x 3.43m (19'10" x 11'3"))
Kitchen (6.05m x 2.54m (19'10" x 8'4"))
Bedroom (3.63m x 3.43m (11'11" x 11'3"))
Bedroom (3.58m x 3.43m (11'9" x 11'3"))
Bedroom (3.43m x 3.07m (11'3" x 10'1"))
Bathroom (3.28m x 2.54m (10'9" x 8'4"))