4 Bed Flat, Single Let, Colchester, CO1 2JX £300,000

• Freehold +
• Strictly by appointment with the Auctioneers +

FOR SALE BY PUBLIC AUCTION ON THURSDAY, 26TH FEBRUARY 2026 AT 12.00PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE

BUY TO LET: A FREEHOLD BLOCK OF THREE FLATS PRODUCING AN ANNUAL INCOME OF WHEN FULLY LET OF £30,000 PER ANNUM. A 10% YIELD OF THE GUIDE PRICE
A freehold building close to the city centre and railway station comprising of three residential apartments. two of the three flats are currently let on assured shorthold tenancies producing a combined income of £1750 per month. The third has recently become vacant but was previously achieving £750 per month, giving a total potential income of £2500 per month (£30,000 per annum).
190 Magdalen Street - Two Bedroom top floor flat- 690 square foot
190a Magdalen Street - One bedroom ground floor flat- 420 square foot
190b Magdalen Street - One bedroom ground floor flat- 475 square foot

190 -Two Bedroom top floor flat- £1000 per month
190a-One bedroom ground floor flat- £750 per month
190b -One bedroom ground floor flat- now vacant- previous-£750 per month
Current Total per month-£1750 per month (£21,000 per annum)
Total when fully let £2500 per month (£30,000 per annum)

For more information relating to the current tenancy agreements in place please refer to the legal pack
Flat 190 - D
Flat 190a - E
Flat 190b- D