Located in Colchesters historic city centre is this spacious, modern first floor apartment.
This is an excellent investment opportunity with a tenant currently in situ and a monthly rental income of £950 PCM being achieve with a yield of over 6%.
The property is well maintained and modern throughout and benefits from being located close to rail links, transport routes and amenities.
Viewing is available immediately and the property is offered with no onward chain.
Length of lease 120 years Ground Rent - £300 P/A Service Charge - £1,284 P/A
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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