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SPECIFICATIONS:

  • X 1
  • X 1
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PROPERTY LOCATION:

KEY FEATURES:

  • CASH BUYERS ONLY
  • NO ONWARD CHAIN
  • WALK TO NORTH STATION
  • COMMUTER LINKS TO LONDON LIVERPOOL STREET
  • SECURE LOCKED BIKE STORE
  • AVAILABLE FURNISHED
  • GOOD INVESTMENT PURCHASE
  • WALK TO HOSPITAL

PROPERTY DETAILS:

CASH BUYERS. ONE BEDROOM, FIRST FLOOR APARTMENT with lift access within easy walking distance of Colchester North Station with regular commuter links to London Liverpool Street and the Hospital. Entrance hall, double bedroom, kitchen with integrated appliances open plan to living / dining room, shower room. Outside is a secure bicycle store. The property would make an ideal investment purchase. Presently the results of the EWS1 survey are inconclusive and therefore it may be difficult to arrange a mortgage on this property until this is resolved.

Entrance Hall: (4.33m x 1.37 (14'2" x 4'5"))
Built-in storage cupboard, fitted shelves, entry phone, radiator

Sitting Room: (4.88m x 2.61m (16'0" x 8'6"))
Full length, double glazed picture window to the front, further double glazed window to the side, two radiators

Kitchen: (2.42m x 1.80m (7'11" x 5'10"))
Double glazed window to the side, fitted with range of floor and wall mounted units and work surfaces with inset sink unit with mixer taps over. Built-in electric oven and ceramic hob with extractor hood over. Integrated fridge freezer. Free standing washing machine to remain.

Bedroom: (3.54m x 2.97m (11'7" x 9'8"))
Double glazed window to the front, radiator. Bedroom furniture, divan bed, wardrobe and chest of drawers is available to remain by negotiation.

Shower Room: (2.30m x 1.68m (7'6" x 5'6"))
Double width shower cubicle, vanity shelf with W.C and wash basin, heated towel rail radiator, inset down lighters, extractor fan

Outside:
On the ground floor is a secure bike store and communal bin store, nearby is the well maintained Jade Gardens open green area.

Lease Details:
Lease is 125 years from 01/01/2015.
118 years remaining.
Ground Rent: £300.00 PA presently but there is an increase clause after the first 10 years then every 5 years In line with RPI
Service Charge: £1274.67 currently PA

LETTING:
The property is available with vacant possession from 30th September 2021.
The rental value for the property is in the region of £675.00 / £700.00 pcm.

AGENTS NOTE - EWS1
This property is being offered for sale under value.
The results of an EWS1 survey carried out in March 2021 show a possible B2; although this is not conclusive and states that there is a risk that remedial work will be required. The freeholders and block managers are presently working to determine if there is necessary remedial work and if so, what the cost will be.

There is currently no time frame known on this being resolved and in the meantime it may be difficult to arrange a mortgage on this property.

A copy of the report is available upon request.

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.

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PROPERTY OFFICE :

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

T: 01206 768555
1 Bedroom Flat

Turner Road, Colchester

£125,000
This property is not currently available. It may be sold or temporarily removed from the market.