property_gallery_img

Mersea Road, Colchester

4 Beds 4 Baths 1408 SqFt

£360,000.00

property_gallery_img_14535
property_gallery_img_14536
property_gallery_img_14537
property_gallery_img_14539
property_gallery_img_14540
property_gallery_img_14541

Description

Mersea Road, Colchester


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.


Key features

  • 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

Contact Information

Register your interest today for more information.


Overview

ID

14453

Type

Apartment

Bedrooms

4

Bathrooms

4

Size

1408SqFt

From Our Gallery

Address

Mersea Road, Colchester Essex, United Kingdom

Compare