*Investment Opportunity* A well presented two bedroom third floor apartment currently let on an Assured Shorthold Tenancy achieving an approximate gross yield of 8% p.a. having been recently redecorated and also a short distance to University of Essex.
The property has a lift and stair flight access to the third floor with the entrance door leading to an entrance hall with two built-in cupboards.
There is an open plan living room / kitchen which has double glazed doors and windows to the balcony.
The kitchen has a ceramic hob, electric oven, integrated fridge freezer, sink with mixer taps, wall mounted cabinets and extractor fan.
The principal bedroom has a double glazed window to the front, built-in mirrored wardrobe and features and en-suite shower room comprising of a double shower cubicle, wash hand basin and WC.
Bedroom two is also a good double size.
The family bathroom is fitted with a modern three piece suite in white.
Location
The apartment is situated within easy reach of the University of Essex, Hythe Railway Station and Tesco Superstore. The city centre is a short distance away providing a varied range of shopping facilities, bars and restaurants.
The nearby station at the Hythe offers services to London Liverpool Street.
Directions
SatNav - CO2 8GN
Important Information
Council Tax Band – B
Services - We understand that mains water, drainage and electricity are connected to the property.
Tenure - Leasehold
EPC rating – C
Our ref - TOL240178
Lease details - The property is held on a 155 year from 1st April 2005. Ground rent is £250 p.a. Service charge is approximately £2,110 p.a. These charges are for the current year and maybe subject to change, all information should be checked by your solicitor.
Agents note
Any intending viewers or purchasers are advised of the following: An EWS1 form ( External Wall Survey) may be recommended for certain apartment buildings dependant on issues such as the height of the structure. the positioning of balconies and composition of any external cladding. Fenn Wright have not undertaken any such assessment in respect of this particular property and this note has been added to all flats being offered for sale throughout our business as appropriate general guidance .We recommend that potential purchasers seek advice from their solicitor and an independent Chartered Surveyor before committing to a purchase.
Agent Details
Fenn Wright, Colchester
01206 586120
Next Steps?
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