This property is no longer on the market
Studio
Key information
Property description & features
- Tenure: Leasehold
- Excellent Investment Opportunity
- North Colchester With Access To North Station, The General Hospital And The A12
- Allocated Parking
- Currently Let At £650 PCM - 6.5% Gross Yield
- Open Plan Living Accommodation
- Well Presented Studio Apartment
- Lift Access & Large Communal Areas
- Within Striking Distance To Amenities
Guide Price: £99,999 - £109,999. An excellent investment opportunity has arisen to purchase this generously sized studio 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, which is also utilised as the main bedroom. Completing this apartment is separate bathroom suite and comes with allocated parking. This block of apartments is serviced by a lift. The property is currently offered with a sitting tenant paying £650 PCM, which provides an attractive gross yield of 6.5%. Viewings are advised to appreciate all this apartment has to offer.
Fifth Floor Accommodation
Hallway
Entrance door to hall, door to airing cupboard housing water heater, door to:
Shower Room
7' 4" x 4' 9" (2.24m x 1.45m) Low level W.C, shower cubicle, vanity wash unit, extractor fan.
Living Room/Bedroom/Kitchen
21' 4" x 16' 7" (6.50m x 5.05m) UPVC windows to side aspect, inset storage cupboard, loft hatch, storage heaters.
Kitchen - Full range of eye level units, cupboards and work surfaces, room for appliances, including washing machine and fridge freezer.
Outside
Allocated parking is available for one vehicle.
Agents Note & Lease Information
This property is offered on a leasehold basis, with the lease term commencing at 125 years from 2009. 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.
Property information from this agent
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Broadband availability and predicted speed: obtained from Ofcom on January 31, 2022
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 January 31, 2022
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 August 26, 2021 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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