£160,000 Offers In Excess Of

De Grey Road, , Colchester

  • Excellent Investment Opportunity
  • Currently Let At £875 PCM - 6.56% Gross Yield
  • Open Plan Living Accommodation
  • Modern & Contemporary Apartment Living
  • North Colchester With Access To North Station, The General Hospital And The A12
  • Two Well Proportioned Bedrooms
  • En-Suite Bathroom
  • Family Bathroom Suite
  • Balcony
  • Allocated Parking
Floorplan Brochure Arrange a Viewing

Location

An excellent investment opportunity has arisen to purchase this generously sized two bedroom apartment positioned favourably to the North of Colchester and within striking distance of an array of excellent local amenities, including Colchester's Northern Gateway and Leisure facilities, General Hospital, North Station and A12. It is also moments from Colchester's Severalls Business Park making it the ideal home for the working professional. The internal accommodation boasts an open plan living-kitchen area with attractive balcony, two well proportioned double bedrooms, en-suite bathroom to the master bedroom, seperate family bathroom suite and comes completer with allocated parking. This block of apartments is serviced by a lift. The property is currently offered with sittings tenants paying £875 PCM, which provides an attractive gross yield of 6.56%. Viewings are advised to appreciate all this apartment has to offer.

First Floor

Communal Entrance

With stairs and lift to all floors, entrance door to:

Entrance Hall

With two storage cupboards, further doors to:

Living Room/Dining Area

16' 4" x 11' 11" (4.98m x 3.63m) With double doors to balcony and windows to rear, electric heater, TV point, open plan to:

Kitchen

8' 7" x 7' 5" (2.62m x 2.26m) With matching eye level and base units with drawers and worktops over, inset one and a half sink and drainer, tiled splashback, electric oven, integrated fridge/freezer, dishwasher, space and plumbing for washing machine.

Master Bedroom

13' 8" x 12' 2" (4.17m x 3.71m) Window to rear aspect, electric heater, TV point, door to;

En-Suite Bathroom

W.C, wash hand basin, shower cubicle, part tiled walls, extractor fan

Bedroom Two

10' 9" x 7' 10" (3.28m x 2.39m) Window to side aspect, electric heater

Family Bathroom Suite

W.C, wash hand basin, panelled bath with shower and shower screen, part tiled throughout

Outside & Parking

As previously mentioned this property benefits from a balcony, suitable for a small bistro table and chairs and is accessible from the living area of the apartment. Allocated parking is available for one vehicle and is parking bay number 2.

Agents Note & Lease Information

*Please be advised the photos were taken before the current tenants occupied the apartment and the second bedroom was unable to be photographed*

This property is offered on a leasehold basis, with the lease term commencing at 125 years from 2010. The maintenance charge payable is £2602 per annum and ground rent payable at £325 per annum. We have been provided this information by our client but advise that any prospective purchaser confirms all leasehold information at an early stage of their conveyance.

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