Printwork House, Arclight Way

Colchester, CO1

Shared Ownership.

£220,000

An excellent example of a spacious two bedroom first floor contemporary apartment, situated on a newly formed development in central Colchester and within striking distance of the picturesque Colchester Park & Colchester's mainline station - offering links to London Liverpool Street within the hour. The apartment is also moments away from Turner Rise Retail Park, home to an Asda superstore and an array of useful amenities. All considered, it makes the ideal first time purchase or investment alike.

Positioned on the first floor, internally the accommodation comprises of; a welcoming entrance hall with inset storage, open-plan kitchen/living area with modern units and the added luxury of integrated appliances, a spacious master bedroom and further double bedroom and separate family bathroom suite. The apartment boasts a private balcony, suitable for a small bistro table and chairs, as well as allocated parking for one vehicle. A communal bike store is also available.

Shared Ownership Option (If Required)

£220,000 acquires the full ownership of the property. Alternatively, purchasers may also have the opportunity to acquire a 50% shared ownership interest for £110,000 subject to eligibility criteria and approval by the shared ownership provider. Please contact one of our consultants for further information and to discuss the purchasing options available.

Leasehold Information

We understand this property is offered on a leasehold basis and when any new owner completes on the property, a brand-new lease of 117 years will be applied. Service charge of £1800 is payable per annum and we are informed no ground rent is payable. We advise all interested parties to confirm leasehold associated fees, length and set up with their solicitor at an early stage of their conveyance to prevent any discrepancy. The same applies for shared ownership criteria and associated conveyance.

Early enquires are strongly encouraged to prevent inevitable disappointment.