2 bed Flat For Sale £140,000
*Tenancy Agreement In Place Until February 2024 - £900PCM - Net Rental Yield Of 5.62%* An excellent investment opportunity has arisen to purchase this generously sized two bedroom apartment positioned favourably to the North of Colchester and within striking distance of an array of excellent local amenities, including Colchester's Northern Gateway and Leisure facilities, General Hospital, North Station and A12. It is also moments from Colchester's Severalls Business Park making it the ideal home for the working professional. The internal accommodation boasts an open plan living-kitchen area with attractive balcony, two well proportioned double bedrooms, en-suite bathroom to the master bedroom, seperate family bathroom suite and comes completer with allocated parking. This block of apartments is serviced by a lift. The property is currently offered with sittings tenants paying £875 PCM, which provides an attractive gross yield of 6.56%. Viewings are advised to appreciate all this apartment has to offer.
First Floor
Communal Entrance
With stairs and lift to all floors, entrance door to:
Entrance Hall
With two storage cupboards, further doors to:
Living Room/Dining Area
16' 4" x 11' 11" (4.98m x 3.63m) With double doors to balcony and windows to rear, electric heater, TV point, open plan to:
Kitchen
8' 7" x 7' 5" (2.62m x 2.26m) With matching eye level and base units with drawers and worktops over, inset one and a half sink and drainer, tiled splashback, electric oven, integrated fridge/freezer, dishwasher, space and plumbing for washing machine.
Master Bedroom
13' 8" x 12' 2" (4.17m x 3.71m) Window to rear aspect, electric heater, TV point, door to;
En-Suite Bathroom
W.C, wash hand basin, shower cubicle, part tiled walls, extractor fan
Bedroom Two
10' 9" x 7' 10" (3.28m x 2.39m) Window to side aspect, electric heater
Family Bathroom Suite
W.C, wash hand basin, panelled bath with shower and shower screen, part tiled throughout
Outside & Parking
As previously mentioned this property benefits from a balcony, suitable for a small bistro table and chairs and is accessible from the living area of the apartment. Allocated parking is available for one vehicle and is parking bay number 2.
Agents Note & Lease Information
*Please be advised the current photographs were taken, prior to the current tenant taking occupancy and therefore internal layout and presentation may different to advertised.*
This property is offered on a leasehold basis, with the lease term commencing at 125 years from 2010. The maintenance charge payable is £2602 per annum and ground rent payable at £325 per annum. We have been provided this information by our client but advise that any prospective purchaser confirms all leasehold information at an early stage of their conveyance.
