INVESTMENT PROPERTY - TENANT IN SITU Situated on the Braiswick Park Development, this well presented, two bedroomed apartment is excellently positioned for commuters owing to its close proximity to Colchester North Station.
The property, located on the second floor, comprises a spacious, open plan kitchen and living area, bathroom and two double bedrooms – one benefitting from an en suite shower room.
HALLWAY -
BATHROOM -
PRINCIPLE BEDROOM - 16'6 x 10'5
EN-SUITE SHOWER ROOM -
BEDROOM TWO - 11' x 10'5
OPEN PLAN KITCHEN/LIVING AREA - 16'7 x 16'7
Externally, the property has its own allocated parking bay as well as access to the communal gardens.
LOCATION :-
Axial Drive is conveniently located close to Colchester Town Centre and Turner Rise Retail Park providing amenities for all daily needs, as well as being close to schools and nurseries. The property is situated on various bus route and is located close to the A12, A120 and mainline railway stations at Colchester and Colchester Town.
SERVICES :-
We are advised that the mains services of electricity, gas, water and drainage are connected.
LEASE TERMS :-
We are advised by the vendors that the property is subject to a 150 year lease which commenced on 19th December 2007. We are also advised that the Ground Rent is £198 per year. The Service Charge from 1st January 2025 to 31st December 2025 is £1,758.12 per annum, which we are advised includes general repairs and maintenance, communal utilities, accountancy fees, insurance and management fees etc.
TENANCY - The property is currently ‘Let’ on a 12 month Assured Shorthold Tenancy, which commenced on 28th February 2025 . The rent payable is £1,050 per calendar month.
Broadband Availability – Ultrafast broadband available with speeds up to 1000 Mbps (details obtained from Ofcom Mobile and Broadband Checker) – July 2025.
Mobile Coverage - It is understood that there is limited mobile signal with EE, Three, O2 and Vodaphone (details obtained from Ofcom Mobile and Broadband Checker) – July 2025.
Local Authority – Colchester Borough Council
TENURE- Leasehold
WHAT3WORDS – tracks.award.adults
These particulars are intended as a general guide only. They are based on information provided by the vendor and have not been verified by Percival & Company. No statement in these particulars should be relied upon as a representation of fact. All descriptions, dimensions, references to condition, and necessary permissions for use and occupation are given in good faith, but should be independently verified by prospective purchasers. We strongly recommend that you consult with a qualified professional before proceeding with any offer or purchase.
All measurements are approximate and for guidance purposes only. Neither Percival & Company nor its employees make any representation or warranty in relation to the property, and no liability is accepted for any inaccuracies or omissions.