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SPECIFICATIONS:

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PROPERTY LOCATION:

KEY FEATURES:

  • INVESTMENT PURCHASE ONLY
  • 999 YEAR LEASE
  • CURRENTLY TENANTED WITH RENT GUARANTEE AVAILABLE
  • ALLOCATED PARKING
  • GOOD ACCESS TO COLCHESTER NORTH STATION
  • NO CHAIN

PROPERTY DETAILS:

INVESTMENT PURCHASE ONLY. SPACIOUS ONE BEDROOM FIRST FLOOR APARTMENT in the old converted brewery building in village location on the northern outskirts of Colchester within easy reach of Colchester North Station, with regular commuter links to London Liverpool Street and the A12. There is one double bedroom, bathroom with shower over the bath, living room with Juliet balcony, kitchen with oven, hob, integrated fridge and freestanding washing machine and a large entrance hall. The building has lift access, there is E7 electric heating and allocated and visitor parking. The property is currently let to existing tenants until 03/02/2022 with a rent guarantee available.

Entrance Hall (3.14 x 2.57)
Built-in airing cupboard housing lagged hot water cylinder with immersion heater and shelving over, electric storage heater, entry phone

Living Room (4.06 x 3.93)
Sash window with secondary double glazing to the rear and door opening onto Juliet balcony, electric storage heater

Kitchen (3.76 x 1.76)
Sash window with secondary double glazing to the rear, fitted with a range of floor and wall mounted units and roll top work surfaces with inset one and half bowl acrylic sink unit with mixer taps over. Built in electric oven and hob, integrated fridge and free standing washing machine

Bedroom (3.75 x 2.29 (plus door recess))
Sash window with secondary double glazing to the side, electric storage heater

Bathroom (2.74 x 1.82)
Panel bath with shower attachment over, vanity wash basin and W.C. wall mounted electric fan heater, extractor fan

Outside
The flat is accessed via well kept communal areas with left access from the ground floor.
There is one allocated parking space plus there are visitors spaces available.

LEASE
999 Year lease from 01/09/1991.
969 Years remaining
Ground Rent is Peppercorn.
Current Service Charge £1073.68 PA

TENANCY
The property is currently let on an Assured Shorthold Tenancy at £625.00 pcm until 03/02/2022.
If the purchaser continues management with Gallant Richardson then there is a RENT GUARANTEE that can be transferred

DISCLAIMER
Every care has been taken with the presentation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation. Alternatively, we will be pleased to check the information for you. These Particulars do not constitute a contract or part of a contract.

PROPERTY INFORMATION:

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PROPERTY OFFICE :

Gallant Richardson Colchester
5 Culver Street West, Colchester, Essex, CO1 1JG

T: 01206 768555
1 Bedroom Flat

Colchester Road, West Bergholt, Colchester

£130,000 - Sold STC