This Grade II listed building in the heart of Colchester presents a significant redevelopment opportunity for savvy investors and developers. Currently vacant, the three-story structure previously functioned as a ground floor retail space with residential quarters above, making it well-suited for a range of potential uses.
The property retains numerous historic features, including exposed timber beams, period doors, and charming fireplaces that add character and appeal. The ground floor consists of a spacious main shop area measuring 23'6" x 14'7", along with essential facilities such as a cloakroom/WC and rear entrance hall. The basement offers additional storage or utility space.
On the upper floors, existing residential use provides a distinct advantage. The first floor contains a lounge/bedroom and kitchen area, while the second floor includes another bedroom, creating an integrated living arrangement that could be expanded upon. Access to these residential areas is possible through an independent rear entrance, reinforcing their versatility.
Given the current layout and zoning regulations, there is considerable potential to convert the entirety of the property into either a single family home or multiple rental units—subject to necessary planning approvals from Colchester City Council. This transformation could yield an attractive return on investment in a location that benefits from its proximity to city center amenities.
For those looking to capitalize on Colchester's growth trajectory, this property represents an excellent canvas for renovations or conversions that can breathe new life into its rich history while meeting modern housing demands.
