A rare opportunity to purchase a block of four, two bedroom, two bathroom apartments built to a high standard by a highly reputable builder. Located within a stones throw of Colchester mainline train station with links to London Liverpool Street and the Town Centre.
Potential Rental incomes Door number 27 - £875pcm Door number 29 - £750pcm Door number 31 - £875pcm Door number 33 - £875pcm This is a yearly income of £40,500.
The Vendor has made us aware there is zero maintenance charge due to the fact they own the block in its entirety and run a “right to manage scheme” with the freeholder to keep the of maintenance down. Yearly ground rent is £125 per annum per property. Bringing the net rental yield at asking price of £750,000 to 5.3%.
For further details and information please contact the Michaels Sales Team.