East Street

A fantastic opportunity to own a recently refurbished (approx. 1 year ago) freehold property, currently split into two spacious holiday apartments. Located in the historic town of Colchester, just 0.7 miles from the High Street and 1 mile from the train station, this charming Grade II listed building is perfect for holiday lets, longer term tenants on ASTs or multi-generational living.

KEY FEATURES

Freehold property – No lease restrictions
Grade II listed – Full of character and historic charm
Recently refurbished – Ready to move in or rent out
Great location – Walking distance to the town centre & train station
Established reputation – Good reviews on Booking.com

The property has a flexible layout meaning the apartments can continue to be let out separately, as a whole unit, or split up further.

This is a rare opportunity to acquire a well-maintained property in a prime Colchester location, perfect for an investor or someone looking to operate a thriving hospitality business.

For more details or to arrange a viewing, contact us today! RX535770

Location

The premises is situated in a fantastic trading location along East Street, which is just 1 mile from Colchester Town train station and 0.7 miles from the main Colchester High Street.

Premises

An imposing end of terrace premises with traditional grade 2 listed features throughout the apartments. There is a single entrance door to the front which leads into a entryway area, however, the main door used is to the rear of the property where there is a gated entrance leading into a LARGE COURTYARD area with LODGE OUTBUILDING. The property itself is currently split into 2 apartments which are arranged as follows.

Apartment 1

Single entrance door leading into a hallway with has a staircase leading up to a first floor landing. A door on the left hand side leads into a BATHROOM with bath, toilet and sink. A door directly in front of you from the landing area leads into a large LOUNGE area with 2 L-shaped sofas. A door off the left hand side of this area leads into a large DOUBLE BEDROOM A doorway off the right hand side of the lounge leads into a large DINING ROOM with a further door off the left of this dining room leads into a KITCHEN. A further staircase off the lounge leads upstairs to a loft conversion with two rooms, the room on the left hand side is a TWIN ROOM with 2 single beds, the room on the right hand side is a FAMILY BEDROOM which has a double and a single bed, with a further door off this room leading into an EN SUITE SHOWER ROOM with shower, toilet and wash hand basin.

Apartment 2

Accessed through another single entrance door which leads directly into the LOUNGE with L-shaped sofa and small dining table. A door off the right hand side of this area leads into a LARGE DOUBLE BEDROOM. A door off the left hand side of this area, one leads into a DOUBLE QUEEN BEDROOM with 2 double beds. An opening off the left hand side of the living room leads into a small walk way with 3 doors off, the one on the left leads into a small KITCHEN, the one directly in front leads into a BATHROOM with bath, toilet and wash hand basin and the door on the right hand side leads into a further FAMILY BEDROOM with a double bed and a single bed.

Lodge

In the courtyard at the rear of the property there is a lodge arranged to provide a KITCHEN & LIVING ROOM with a door that leads through to a BEDROOM with twin beds. A door off the bedroom leads into an EN SUITE SHOWER ROOM with toilet, wash hand basin and shower. There is a longer term tenant in place who has been in occupation since October 2024 at a rental of £240 per week (£12,480 per annum).

Staff

The business is operated by the vendors, with the assistance of cleaning staff.

Turnover

Turnover information will be disclosed to seriously interested applicants, with clients permission.

Legal Costs

Each party are to be responsible for their own legal costs incurred in the transaction.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.