2 Quaypoint
Station Road
Woodbridge
Suffolk
IP12 4AL
Mersea Road, Colchester
Guide price £360,000
4 Bedroom Block of Flats
- Four Flats sold as one freehold semi detached house.
- Ideal Investment for buy to let investors
- Current income of £38,160
- Gross yield of 10.6%
- Close to City centre, railway and bus station.
- Three off street parking spaces
- Current let to the end of May 2026 on AST
An excellent opportunity to purchase a freehold house currently converted into four apartments, let out until May 2026 on an AST, generating a gross income of approximately £38,160 per year, resulting in a gross yield of 10.6%. This is a well-managed investment property that has been continuously rented for 25 years being sold due to the owners retirement.
Description
This is an excellent opportunity to purchase a well-managed investment property that has been continuously rented for 25 years. The property consists of four apartments currently let out on an AST until the end of May, generating a gross income of approximately £38,160 per year, resulting in a gross yield of 10.6%.
The property features accommodation spread over three floors: the ground floor consists of a one bedroom flat with a living room/kitchen and bathroom A studio apartment with living room/bedroom, a kitchen and bathroom. The first floor has a one bedroom flat with kitchen, living room and bathroom. The second floor contains a further one bedroom flat, with a living room kitchen and bathroom. There is also three off street parking spaces to the rear accessed from Fairfax Road.
Location
The property is conveniently located near the city centre of Colchester, where you can find a variety of shops, restaurants, and numerous amenities. It is also close to the Town railway station, which provides a fast and frequent service to London, taking approximately 46 minutes. The University is easily accessible via the bus (from Town railway station to the University, taking about 22 minutes) alternatively the Colchester Institute on Sheepen Road is in easy reach.
Outside and Gardens
To the rear of the property there is a small storage area with three parking bays beyond accessed from Fairfax Road.
Agents Note
Services: Mains water, electricity, gas and drainage are connected to the property. Each flat has its own gas boiler providing central heating.
Tenure: Freehold
Local Authority: Colchester City Council
Council Tax: Flat 1 A, Flat 2 A, Flat 3 A. Flat 4 A
EPC: Flat 1, Band C, Flat 2, Band D, Flat 3, Band C, Flat 4, Band C.
Available to purchase as a furnished tenanted property.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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