Total views: 1161
MapGuide price
£520,0006 bedroom flat for sale
London Road, Colchester CO3
Flat
6 beds
Key information
Features and description
- Current Rental Income of £36,000 per annum
- Each flat benefits from one Car Parking Space,
- Communal garden to the rear.
- Conveniently located on London Road between Colchester City Centre, and Tollgate Retail Parks
FOR SALE Guide Price £520,000 STC
Freehold Block comprising 6 One Bedroom Flats, producing £36,000 per annum, five out of six let by way of AST's.
Datchet House, an opportunity to acquire a fully occupied block of 6 flats, let on Assured Shorthold Tenancies, located London Road, between Tollgate Retail Parks and the City Centre.
Location The property is located along the busy London Road, in Lexden, Colchester, approximately 1.5 miles west of the City Centre, with Stanway and Tollgate Retail Parks, 1.3 miles to the west. The A12 is located 0.7 miles to the east via Spring Lane Roundabout (south bound only) and 1.5 miles to the west at junction 26 (north and south bound).
London Road is a prominent thoroughfare offering excellent accessibility to the A12, which provides direct routes to Chelmsford, Ipswich, and London. The property is situated along a main bus route on London Road, connecting the city centre with Tollgate Retail Park in Stanway.
Colchester North Station is located 2.4 miles to the east, on the mainline to London Liverpool Street with average journey times of approximately one hour.
Description Datchet House comprises a block of six one bedroom flats across ground, first and second floors. There are two flats located on each floor, accessed via a central stairwell.
The property is constructed in c. 1960's of brick elevations under a flat felt roof. Internally each flat comprises one bedroom, a kitchen, living room, bathroom and storage cupboards, benefitting from gas central heating, double glazed UPVC windows, electric hob / oven and shower over bath.
Externally, the flats benefit from one car parking space each (6 car parking spaces total) and a small communal garden located to the rear.
ACCOMMODATION The following accommodation schedule provides an example of each flat*.
DescriptionFloor Area M2 Floor Area sq ft
Kitchen 6.41 69
Living Room 15 161
Bedroom 13.53 146
Bathroom 5.52 59
Total 40.46 435
*note: Not all flats have been inspected.
Tenancies Each flat is let privately by way of Assure Shorthold Tenancy, details as follows:
Flat No. TenantTermsAnnual Rent
1 PrivateAST £7,200 pa
2 PrivateAST £7,200 pa
3 Vacant n/a Nil
4 PrivateAST £7,200 pa
5 PrivateAST £7,200 pa
6 PrivateAST £7,200 pa
Total £43,200
SERVICES We understand each flat benefits from its own electric, water and gas supplies, and is connected to mains drainage.
GUIDE PRICE Offers are invited in the region of £520,000 for the freehold interest subject to, and with the benefit of the existing AST's.
TENURE 4 London Road - Freehold Title Number EX481885
COUNCIL TAX Each flat is in Band B for the purposes of Council Tax. The local authority is Colchester City Council.
VIEWING Viewing is strictly by prior appointment with the sole agents, Nicholas Percival Chartered Surveyors.
FAO: Billy Coe
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C5984
Freehold Block comprising 6 One Bedroom Flats, producing £36,000 per annum, five out of six let by way of AST's.
Datchet House, an opportunity to acquire a fully occupied block of 6 flats, let on Assured Shorthold Tenancies, located London Road, between Tollgate Retail Parks and the City Centre.
Location The property is located along the busy London Road, in Lexden, Colchester, approximately 1.5 miles west of the City Centre, with Stanway and Tollgate Retail Parks, 1.3 miles to the west. The A12 is located 0.7 miles to the east via Spring Lane Roundabout (south bound only) and 1.5 miles to the west at junction 26 (north and south bound).
London Road is a prominent thoroughfare offering excellent accessibility to the A12, which provides direct routes to Chelmsford, Ipswich, and London. The property is situated along a main bus route on London Road, connecting the city centre with Tollgate Retail Park in Stanway.
Colchester North Station is located 2.4 miles to the east, on the mainline to London Liverpool Street with average journey times of approximately one hour.
Description Datchet House comprises a block of six one bedroom flats across ground, first and second floors. There are two flats located on each floor, accessed via a central stairwell.
The property is constructed in c. 1960's of brick elevations under a flat felt roof. Internally each flat comprises one bedroom, a kitchen, living room, bathroom and storage cupboards, benefitting from gas central heating, double glazed UPVC windows, electric hob / oven and shower over bath.
Externally, the flats benefit from one car parking space each (6 car parking spaces total) and a small communal garden located to the rear.
ACCOMMODATION The following accommodation schedule provides an example of each flat*.
DescriptionFloor Area M2 Floor Area sq ft
Kitchen 6.41 69
Living Room 15 161
Bedroom 13.53 146
Bathroom 5.52 59
Total 40.46 435
*note: Not all flats have been inspected.
Tenancies Each flat is let privately by way of Assure Shorthold Tenancy, details as follows:
Flat No. TenantTermsAnnual Rent
1 PrivateAST £7,200 pa
2 PrivateAST £7,200 pa
3 Vacant n/a Nil
4 PrivateAST £7,200 pa
5 PrivateAST £7,200 pa
6 PrivateAST £7,200 pa
Total £43,200
SERVICES We understand each flat benefits from its own electric, water and gas supplies, and is connected to mains drainage.
GUIDE PRICE Offers are invited in the region of £520,000 for the freehold interest subject to, and with the benefit of the existing AST's.
TENURE 4 London Road - Freehold Title Number EX481885
COUNCIL TAX Each flat is in Band B for the purposes of Council Tax. The local authority is Colchester City Council.
VIEWING Viewing is strictly by prior appointment with the sole agents, Nicholas Percival Chartered Surveyors.
FAO: Billy Coe
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C5984
Property information from this agent
About this agent
With over 30 years’ experience of the market in North Essex, Nicholas Percival has assembled a dynamic team to provide respected advice to our clients. The Practice principles are based on drive, knowledge, experience and professionalism endeavouring at all times to do the job well and treat our clients as we would like to be treated ourselves. Nick Percival qualified with King and Co (King Sturge) and joined Dencora PLC an East Anglian Property Investment and Development Company. In 1986 he commenced practice in Colchester and has been located at our current address since 1991. We have expertise in both Residential and Commercial Property, Property Management, Professional advice in respect of Rent Reviews, Valuation, Development Appraisals etc.