A particularly well maintained tenanted ground floor flat

This modern purpose built ground floor flat is situated on the north western outskirts of the city between the railway station and golf club. The property offers 2 bedroom, 2 bathroom accommodation together with an allocated parking space and has been let on a 12 month tenancy from September 2025 at a rent of £1,200 per calendar month. The tenants have maintained the property exceptionally well and with a gross annual yield of over 11% based on the low end of the Guide Price there's no doubt this is a first class investment opportunity.

Tenure

Leasehold.

Leasehold Information

Term: 150 years (less one day) from 1 August 2007 (131 years remaining) Annual ground rent amount: £196.62 Ground rent review period: To be confirmed Annual service charge amount: £1,418.41 Service charge review period: To be confirmed

Council Tax Band

B

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Colchester Borough Council

Solicitors

Leadenhall Law Group, Ref: Birgul Akar, Tel: 01603 904918

Additional Fees

Buyer's Premium - £1200 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.