2 bed Flat For Sale £1,800,000
*Portfolio Sale* Located in a prime position to the South of Colchester lies this excellent and rare opportunity to acquire 10 modern apartments in Ballantyne Drive, Hythe Quay, Colchester. Set within a popular modern development, within close proximity of the reputable University Of Essex and Colchester's Hythe Station with links to London Liverpool Street Station - ideal for the working professional. There is also the added benefit of well-maintained communal areas, picturesque walks along the River Colne Close by, an array of local shops, amenities and services and in easy access of a selection of restaurants.
The portfolio comprises of four, two-bedroom apartments and six, one-bedroom apartments. The apartments are all occupied with credible long-term tenancy agreements in place. The portfolio advertised collectively produces an impressive yearly income of £104,880/monthly income of £8,740, producing a gross yield of 5.83 at asking price.
Please see the below breakdown of the portfolio and income that is being achieved from each apartment:
-Ballantyne Drive 2 Bedroom Apartment - Marketing Price - £200,000 - Achieving £950 PCM.
- Ballantyne Drive 2 Bedroom Apartment - Marketing Price - £200,000 - Achieving £1,050 PCM.
- Ballantyne Drive 2 Bedroom Apartment - Marketing Price - £200,000 - Achieving £995 PCM.
- Ballantyne Drive 2 Bedroom Apartment- Marketing Price - £200,000 - Achieving £995 PCM.
- Ballantyne Drive 1 Bedroom Apartment - Marketing Price - £170,000 - Achieving £800 PCM.
- Ballantyne Drive 1 Bedroom Apartment - Marketing Price - £170,000 - Achieving £775 PCM.
- Ballantyne Drive 1 Bedroom Apartment - Marketing Price - £170,000 - Achieving £800 PCM.
- Ballantyne Drive 1 Bedroom Apartment - Marketing Price - £170,000 - Achieving £775 PCM.
= Collective portfolio price of £1.800,000.
