This property is no longer on the market
2 bedroom block of apartments
Key information
Property description & features
- Tenure: Leasehold
- An Impressive Portfolio Of Ten Modern Apartments
- Offering A Gross Yield Of 5.83% (*)
- A Gross Yearly Income Of £104,880
- Within Close Proximity To Essex University And Hythe Train Station
- Picturesque Riverside Location
- Benefiting From Credible Long-Term Tenants In Situ
- Parking Available For Each Apartment
- All Enquires Welcomed (Investment Only)
*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.
Property information from this agent
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*DISCLAIMER
Property reference 25486920. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Michaels Property Consultants - Colchester.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on February 8, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 8, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on November 10, 2019 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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