Summary - First Floor, 17 Crouch Street CO3 3EN
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime freehold commercial building in Colchester city center
- Three fully let ground floor retail shops generating £36,100 annual income
- Vacant upper floors with potential for conversion to residential (subject to permissions)
- Attractive mid-20th century brick facade with large windows
**Potential Concerns:**
- Upper floors are currently vacant and require renovation
- Located in a high-crime area
- No insulation in solid brick walls
Positioned in the vibrant heart of Colchester, this freehold commercial property offers an enticing investment opportunity for discerning buyers. The ground floor features three fully leased shops, generating a substantial combined annual income of £36,100, making it an excellent income-generating asset. The upper levels, previously utilized as office suites, present exciting redevelopment possibilities, including conversion to residential living spaces, subject to obtaining necessary permissions.
This property roots itself in a cosmopolitan neighborhood with a variety of amenities right at your doorstep, ensuring high foot traffic and visibility. While the upper floors may require some renovation, the prospects for future growth and diversification in use are considerable. Seize the moment and invest in a property that not only meets current market demands but also holds long-term potential in a dynamic city center location. Don't miss your chance; properties like this are in high demand and won't last long!
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