Floorplan
Map2 bedroom apartment for sale
Key information
Features and description
- Cash buyers only
- Investment Opportunity
- Second Floor Apartment
- Two Double Bedrooms
- Open Plan Kitchen/Living/Family Room
- 230 Year Lease Remaining!
- Ground Rent £275.00p P/A
- Service Charge £1830.00p P/A
- Allocated Parking
Excellent Two-Bedroom Apartment – South Colchester – CASH BUYERS ONLY
Please note this property is available to cash buyers only and is therefore offered at a very attractive price below current market value. For further information, please contact a consultant today.
Situated in a sought-after South Colchester location, the property is conveniently placed close to a wide range of local amenities, shops, and a regular bus network providing easy access to the city centre. The apartment also benefits from outlooks onto an attractive green space.
Located on the second floor, this well-presented apartment is currently let until August 2026, with tenants keen to remain in situ, subject to a review of terms. The accommodation comprises a welcoming entrance hall, a feature open-plan living/dining/kitchen area, two double bedrooms, and a family bathroom. Additional benefits include a new water tank installed in 2025, bicycle storage and allocated parking.
Leasehold Information: The property is offered on a leasehold basis with a 250-year lease from 1 January 2006, leaving approximately 230 years remaining. The service charge is approximately £1,830 per annum, with a ground rent of £275 per annum. All interested parties are advised to confirm these details with their solicitor at an early stage of conveyancing.
Current tenancy: The current tenancy agreement is until August 2026, currently paying £950 PCM, offering a gross yield of 8.4%. The current tenants are keen to remain in situ, subject to terms being agreed.
Viewings can be arranged through one of our consultants.
Rooms
Entrance Hall
Master Bedroom
12' 10" x 8' 5" (3.91m x 2.57m)
Bedroom Two
11' 7" x 8' 2" (3.53m x 2.49m)
Bathroom
6' 11" x 5' 7" (2.11m x 1.70m)
Living Room/Kitchen
Living Room - 15' 3" x 14' 5" (4.65m x 4.39m)
Kitchen - 11' 8" x 6' 0" (3.56m x 1.83m)
Additional Information
Leasehold Information: The property is offered on a leasehold basis with a 250-year lease from 1 January 2006, leaving approximately 230 years remaining. The service charge is approximately £1,830 per annum, with a ground rent of £275 per annum. All interested parties are advised to confirm these details with their solicitor at an early stage of conveyancing.
Current tenancy: The current tenancy agreement is until August 2026, currently paying £950PCM, offering a gross yield of 8.4%. The current tenants are keen to remain in situ, subject to terms being agreed.
Property information from this agent
About this agent
