£200,000
2 bed flat for saleBallantyne Drive, Greenstead, Colchester, Essex CO2
2 beds
2 baths
1 reception
EPC Rating: C
- Leasehold
Palmer & Partners
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About this property
Investment Opportunity - Sold With Tenants In Situ
Two/Three Bedroom Second Floor Apartment
Close To University Of Essex
Close To Shopping Facilities & City Centre
Allocated Bay Parking
Must Be Viewed
***investment only - sold with tenant in situ paying £1650.00 pcm***
A two/three bedroom second floor apartment, 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, two bedrooms, one of which has an en-suite shower room, bathroom, kitchen/lounge/diner and a further bedroom/living room.
The apartment is further enhanced by having allocated bay parking. Palmer & Partners would recommend an early internal viewing to avoid disappointment. EPC: C
Entrance Hall (3.78m x 1.17m)
Bedroom (3.53m x 2.6m)
Bedroom (3.58m x 3.38m)
En-Suite Shower Room (1.6m x 2.16m)
Bathroom (2m x 2.7m)
Lounge/Kitchen/Diner (5.97m x 3.96m)
Bedroom (3.3m x 3.86m)
With patio.
Agents Note
We have been advised by the following by the current owner regarding the lease:-
Lease Length: Approx. 120 years remaining
Service Charge: Approx. £2000.00 per annum
Ground Rent: £200.00 per annum
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More information
Tenure
Leasehold (Ask agent)
Service charge
£2,100 per year
Council tax band
C
Ground rent
£200
Ground rent date of next review