Unit 3, The Old Joinery
Maldon Road
Colchester
Essex
CO2 0LT
Ipswich Road, Colchester
£850,000
5 Bedroom House - Detached
- Planning Permission Granted
- 10 Bedroom HMO Investment Opportunity
- Investment of circa 8/9% Yield Return
- Close to Colchester Town Centre
- Online Auction Bid
- Large Driveway
- Outbuilding & Storage Area
- Plans to be sent on request & Viewings Available!
Welcome to an exceptional investment opportunity in the heart of Colchester! This impressive 10-bedroom property comes with HMO planning permission granted, making it an ideal choice for investors looking to capitalise on the thriving rental market.
Auctioneers Comments:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
INVESTMENT OPPORTUNITY IN THE HEART OF COLCHESTER!
This property is located off the market in a prime central area of Colchester on Ipswich Road. It features an existing home with 5 to 6 bedrooms, which has commercial potential. The property boasts a large driveway and is conveniently situated near the central train station, hospital, and university. Planning permission is currently pending for the development of a 10-bedroom House in Multiple Occupation (HMO), with plans for each room to include en-suite facilities.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Property data and search facilities supplied by www.vebra.com