Colchester, Essex

Description An enticing investment opportunity, this spacious two double bedroom third floor apartment benefits from allocated parking, is offered with no onward chain (but is currently tenanted at £985pcm) and is conveniently situated in the popular St James Place development, in close proximity to the A12, town centre and hospital.

The spacious floor plan boasts a generous open plan layout and features two double bedrooms, two Juliet balconies and a family bathroom.

Notable Features

- Two double bedrooms

- Convenient access to the A12, town centre and hospital

- Investment opportunity with an approximate gross yield of 8.44%

- Allocated parking

- Currently let at £985pcm

- Offered with the added benefit of no onward chain

About the Area Colchester is a historic and vibrant city with a rich heritage as Britain's oldest recorded town. It boasts a wide range of local amenities, including excellent schools, a bustling city centre, restaurants, cafes, leisure facilities, and cultural attractions. The area is extremely well connected, with mainline rail services to London Liverpool Street and easy access to the A12, making it an ideal base for commuters.

The accommodation comprises:

Kitchen Area: 10´ 1 x 6´ 4 (3.07m x 1.93m)

Sitting Room: 17´ 5 x 10´ 10 (5.31m x 3.36m)

Bedroom One: 13´ 5 x 8´ 9 (4.09m x 2.67m)

Bedroom Two: 15´ 3 x 9´ 3 (4.65m x 2.82m)

Bathroom: 6´ 1 x 7´ 7 (1.85m x 2.31m)

Local Authority Colchester Borough Council

Council Tax Band - B

EPC Rating: C

Tenure Leasehold.

Ground Rent Currently £211.00 per annum.

Service Charge Currently £1,785.97 per annum.

Leasehold Length Approximately 108 years remaining.

Services Main water, drainage and electricity. Electric heating.

Disclaimer Town & Village Properties (and its subsidiaries and their joint Agents where applicable) for themselves and for the vendors or lessors of this property for whom they act, give notice that (I) these particulars are a general outline only for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract (II) Town & Village Properties cannot guarantee the accuracy of any description, dimensions, references to conditions, necessary permissions for use and occupancy and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy, (III) No employee of Town & Village Properties (and its subsidiaries and their joint Agents where applicable) has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property, (IV) Town & Village Properties (and its subsidiaries and their joint Agents where applicable) will not be liable in negligence or otherwise, for any loss arising from the use of these particulars and Town & Village Properties (and its subsidiaries and their joint Agents where applicable) have not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A buyer is advised to obtain verification from their Solicitor, (V) Photographs will only show certain parts of the property and assumptions should not be made in respect of those parts of the property that have not been photographed. (Items or contents shown in the photographs are not included as part of the sale unless specified otherwise. It should not be assumed the property will remain as shown in the photograph. Photographs are taken using a wide-angle lens.

• Two double bedrooms
• Convenient access to the A12, town centre and hospital
• Investment opportunity
• Allocated parking
• No onward chain