Lot 106
    Residential Development
    Land at Hythe Quay
    Colchester, Essex, CO2 8JB
    Unsold, the last bid was £625,000. Please refer to Auctioneer for Reserve
     
    Number 1
    A Residential Redevelopment Opportunity Comprising a Vacant Almost Cleared Site Measuring Approximately 0.21 Ha (0.52 Acres). Offered with Planning Consent for the Erection of 18 Self-Contained New Apartments (1, 2 & 3 Beds) and 3 Commercial Units.

    Description

    The site is irregular in shape and measures approximately 0.21 Ha (0.52 Acres). It has consent to build 18 residential units consisting of 4 x 1 bedroom units, 12 x 2 bedroom units and 2 x 3 bedroom units together with 3 commercial units. Purchasers are advised there is a 16 foot right of way to Spurgeon St. and an 8 foot right of way to Hythe Hill. The rights of way are marked in blue on the plan in the auction details.

    Tenure

    Freehold

    Overflow

    Location
    The site is situated on a mixed use road in the Hythe area of Colchester immediately on the banks of the Colne River and amongst the local shops and restaurants of Hythe Quay. The open spaces of Old Heath Recreation Ground are within easy reach. Transport links are provided by Hythe rail station.

    Planning (2nd Column)

    Colchester Borough Council granted the following planning permission (Ref: 111224) on 2nd September 2014: "Redevelopment comprising 18 no. residential units, 3 commercial units".
    Under the consent is liability for Section 106 Agreements which total approximately £93,000.

    Viewing Details

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    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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