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6:00pm Monday 15th March 2010 in
HOMES, restaurants, shops and offices could be developed by the company which has bought Colchester’s Angel Court for £2million.
The High Street flagship building, built for £3.7million in 1988 by Colchester Council, has been sold to local developer City & Country Group, which specialises in renovation projects.
As part of the deal, the council is to lease back its Customer Service Centre and the CCTV Monitoring Centre.
The firm has yet to reveal detailed plans for exactly how it wants to regenerate the building.
But it is believed the ground floor, fronting on to the High Street and West Stockwell Street, could be used for restaurants or shops.
And the remainder of the building, currently occupied by council officers who are moving to Rowan House, could be used for homes or offices.
Tim Sargeant, City & Country Group chief executive, said: “We are very excited about the opportunities that exist with regards to the site and we are pleased we have been able to work with the council so it can continue to provide much-needed, high-quality services to the local community.
“We are looking forward to restoring the buildings and delivering an attractive, long-term and viable solution for this high-profile location that will be attractive to owner occupiers as well as those seeking to rent good-quality premises in Colchester.”
Paul Smith, councillor responsible for resources, said the deal meant backroom staff would no longer be working in costly town centre offices, but residents would still be able to get help from staff in the town centre.
He said the deal had placed no major restrictions on how City & Country develops the site, but that planning permission for changes would be required.
He said: “Certainly, I think it will regenerate the area.
“It may well be that it will perhaps break the ground floor areas up into separate shop units. In the space above it, they have got commercial use, so there is scope for renovating it.
“There are some quite impressive views from the top floor.”
John Spice, of Bidwells, which acted as property adviser to the council, said: “As the cornerstone for the regeneration of Colchester High Street, Angel Court presented an exciting opportunity to a wide variety of purchasers.
“We are thrilled that, despite the current economic climate, we were able to bring the sale to a successful completion.”
Comments(12)
Andy Hamilton
says...
8:18pm Mon 15 Mar 10
Voter99
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7:38am Tue 16 Mar 10
Taj
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8:25am Tue 16 Mar 10
Flip Flop
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8:41am Tue 16 Mar 10
Sdapeze
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9:20am Tue 16 Mar 10
RitchieHicks
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10:07am Tue 16 Mar 10
hughie-s
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2:04pm Tue 16 Mar 10
The REAL Norm
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8:19pm Tue 16 Mar 10
crosby
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9:33am Wed 17 Mar 10
Andy Hamilton
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2:55pm Wed 17 Mar 10
seco2
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10:47pm Thu 18 Mar 10
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Sparkfilms says...
7:31pm Mon 15 Mar 10
'We are thrilled'...
Steady on guys, let's just wait and see.
It's not very often anything exciting and thrilling happens in Angel Court - or have another ABBA tribute band been penciled in for a grand opening?