A Freehold city centre investment comprising 7 tenanted flats

Situated in the heart of Colchester just a short walk to the thriving city centre is this Freehold residential investment comprising 6 x 1 bedroom and 1 studio flats WITH PARKING to the rear for several vehicles. The property is held on 2 Titles and fully let to established tenants providing an INCOME OF £63,660 PER ANNUM. A full breakdown is available on request. Whilst elements of the building would benefit from improvement it has gas central heating, is fully double glazed and with an annual yield equating to over 11.5% based on the low end of the Guide Price there's no doubt this is an outstanding investment opportunity. Note - Please be advised 4 St John's Avenue has the postcode CO2 7AR

Tenure

Freehold

Council Tax Band

A

Energy Efficiency Rating (EPC)

Current Rating C, D

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

Ellisons Solicitors (Colchester), Ref: Marion Knocker, Tel: 01206 699407

Additional Fees

Buyer's Premium - £1500 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.