Offers over
£240,000
2 bed flat for saleBallantyne Drive, Colchester, Essex CO2
2 beds
2 baths
1 reception
EPC Rating: C
- Leasehold
Palmer & Partners
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About this property
Investment Opportunity
Two Bedroom Top Floor Apartment
Close To University Of Essex
Close To Shopping Facilities & City Centre
Wrap Around Balcony
Allocated Bay Parking
Must Be Viewed
***investment opportunity - tenant in situ until March 2025 paying £1800.00 pcm***
Two bedroom top floor apartment with wrap around balcony, achieving a gross yield of approx. 9% pa, situated within easy reach of the University of Essex, Tesco Superstore and Hythe Railway Station. The city centre is a short distance away providing a variety of shopping facilities, restaurants and bars.
Internally the accommodation comprises entrance hallway, open plan kitchen/lounge/diner, two bedrooms, one of which has an en-suite shower room, and a bathroom.
The apartment is further enhanced by having allocated bay parking. Palmer & Partners would recommend an early internal viewing to avoid disappointment. EPC: B
Entrance Hall (3.15m x 1.22m)
Bathroom (2.4m x 2.03m)
Bedroom (3.02m x 3.45m)
Open Plan Kitchen/Lounge/Diner (5.08m x 8.6m)
Bedroom (4.49m x 3.12m)
En-Suite Shower Room (1.96m x 2.21m)
Agent Note
We have been advised by the following by the current owner regarding the lease:-
Lease Length: Approx. 985 years remaining
Service Charge: Approx. £1800.00 per annum
Ground Rent: £200.00 per annum
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More information
Tenure
Leasehold (Ask agent)
Service charge
£1,800 per year
Council tax band
A band has not yet been confirmed.
Ground rent
£200
Ground rent date of next review