2 bedroom apartment for sale

Avon Way, Colchester, Essex

Apartment

2 beds

Added < 14 days

Key information

Tenure: Leasehold | 110 yrs left

Ground rent: £500 per annum | review period: unconfirmed

Service charge: £3,100 per annum

Council tax: Ask agent

Broadband: Ultra-fast 1000Mbps *

Mobile signal:

EEO2ThreeVodafone

Features and description

Investment opportunity
Approx £1200 per month rental income
Guaranteed for 5 years from Oct 2024 based on 52 week residency.
Council nominated tenants only.
Fully Managed by Beyondthe Box for an 8% charge.
Communal Residents Lounge and Laundry.
Close to Station and the A12

*Investors Only*

PRICE RANGE £135,000 TO £145,000

These blocks of flats offer a great opportunity for investors.
These are managed flats and as such you can purchase the property safe in the knowledge that an experienced compnay takes care of all the necessary day to day management (for a fee of 8%). At the middle of the price range taking the 8% fee into account the gross yield is 9.5%..

Further details regarding the set up are available from the Colchester Office.

Rooms

Entrance Hall

Lounge 5.87m x 3.1m

Kitchen 3.12m x 2.6m

Bathroom

Bedroom 1 3.58m x 2.6m

Bedroom 2 3.1m x 2.9m

Visit agent website

About this agent

Leaders - Colchester

2-4 Headgate Colchester CO1 1NT

01206 988597

Full profile Property listings

With a network of over 120 branches, Leaders provides its customers and clients with a comprehensive range of property services including: residential sales, lettings and property management, financial advice, conveyancing, surveys and valuations and land and new homes, meaning our clients and customers can achieve all their property solutions 'Under One Roof'.