Details

INVESTMENT ONLY++++CASH ONLY++++SERVICE CHARGE £1560 PA++++ 8.3% YIELD++++RENTAL INCOME £615 PCM+++++12 MONTH SHORTHOLD TENANCY UNTIL JUNE '25+++This well-presented studio flat can be found within walking distance of Colchester’s bustling city. The property is a top floor apartment and comprises of a living/bedroom/kitchen area and a separate shower room. It benefits from double glazing and residents permit parking.

South Street can be found to the south of Colchester within walking distance of Abbey Fields which during the summer months hosts a variety of social events. It is also situated within easy reach of Colchester's busy city centre. The popular Crouch Street shopping parade with its diverse choice of designer shops; delicatessens; bars and restaurants are also nearby. Many schools of high repute, such as Philip Morant, The Girls High, and The Boys Grammar, can easily be accessed from here. It is also ideally located for the commuter being only a short distance from Colchester North Station, which has a direct railway link to London's Liverpool Street and by road, the A12 is within easy reach.

LIVING AREA - 17'9'' x 12'5'' (5.4m x 3.8m)
A rolled edge worktop with cupboard under and shelving above, stainless steel sink with drainer and mixer tap, extractor fan. Dado rail, loft access, drop light switch, window to side and rear.

SHOWER ROOM - 5'7'' x 5'5'' (1.7m x 1.7m)
Low level WC, pedestal hand wash basin, corner shower cubicle with electric shower over, white tiled splashbacks, window to side.

AGENTS NOTE -
Length of Lease: 177 years remaining
Service Charge: £130 per month
Ground Rent: not applicable

Local Authority - Colchester City Council.

Broadband Availability - Ultrafast Broadband available with speeds of up to 1000 Mbps (details obtained from Ofcom Mobile and Broadband Checker) - February 2024.

Mobile Coverage - It is understood that the best available mobile service in the area is provided by EE, Three, O2 & Vodafone (details obtained from Ofcom Mobile and Broadband Checker) - February 2024.

Utilities -
Mains Electric
Gas Fired Central Heating, Additional Electric Fire in Sitting Room.
Mains Water
Mains Sewerage

Construction Type - We understand the property to be of Traditional Construction of brick

Flood Risk - Data Taken from Gov.UK Flood Map - checked February 2024.
The property is at very low risk of flooding.

Planning Applications in the Immediate Locality - Checked February 2024 - We are not aware of any planning applications in the immediate locality.

MONEY LAUNDERING REGULATIONS - Please be advised that all purchasers will need to adhere to currents laws of money laundering and therefore will need to provide Boydens Estate Agents photographic identification and proof of residency identification before any transaction is started to comply with the legislation.