Land for sale

Car Park, Old Coach Road, Colchester, Essex, CO1


OIEO
£150,000
7,927 ft²

Features

  • Access / Security Barrier & Tarmacadam Surface
  • Car Park For Sale In A Busy & Prominent Location
  • Close To Town Centre & A12 / A120 Interchange
  • Electrical Power Supply To The Site
  • Potential For Other Uses Subject To Planning
  • Sixteen Marked Car Parking Bays

Description

The site is rectangular in shape with a tarmacadam and level surface with sixteen marked car parking bays, two of which are oversized.



There is a singular point of vehicular access at the northern end of the site, onto Old Coach Road, with a security / access barrier.



The site is currently operated as a pay and display and has been used primarily as an overflow car park by The Rose & Crown Hotel,



Accommodation

Site AreaApprox.0.182 Acres (0.074 Ha)



Terms

The site is to be sold freehold, with offers invited in excess of 150,000.



We are advised that VAT is applicable.



Title Number: EX438794.



Services

We understand that there is power to the site however, we recommend interested parties to make their own enquiries for the suitability of any connections for their proposed purposes.



Planning

We are advised that the site currently benefits from consent for the use as a car park.



For alternative uses all interested parties are advised to take their own independent professional advice and to contact the Planning Department at Colchester Borough Council.



Business Rates

We have been informed that the rateable value is 600.



For rateable values below 12,000 100% rate relief may be available, subject to eligibility. We recommend all parties make their own direct enquiries with the Colchester Borough Council Business Rates department to confirm their liabilities.



VAT

We are advised that VAT is applicable on the sale price.



Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.



Legal Costs

Each party will bear their own legal costs.



Anti-Money Laundering Regulations

Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.



Viewing

Strictly by appointment via sole agents:



Fenn Wright

01206 85 45 45

fennwright.co.uk

colchestercommercial@fennwright.co.uk



Categories

Land
Property reference
CP56861_14869629