Flats 2, 3, 4, 5, 6, The Red House, Colchester Road, Halstead CO9 2FB
- PROPERTY TYPE
Block of Apartments
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold residential investment
- includes six modern self-contained flats with parking available
- Five flats let on ATS's, with one sold off on a long leasehold
- Currently producing £52,590 p.a.
- Guide price reflects an NIY of 7.25%
- 7 week completion available
Description
StrapLine
Auction Sale - 16/04/2024Of Interest to investors
Freehold residential investment includes six self-contained flats, five currently let on AST' and producing £52,590 p.a. with one flat sold on long leasehold.
Description
The property comprises of a substantial detached building of traditional brick construction beneath a tiled roof, which has been converted to provide residential accommodation.
The building is arranged as six self-contained flats over ground, first and second floor, including 7 car parking spaces to the rear.
The property is situated on the North side of Colchester Road, close to the junction with Broom Hill and short distance from the retail centre along High Street/Head Street (A331).
Location
The property is situated on the North side of Colchester Road, close to the junction with Broom Hill and short distance from the retail centre along High Street/Head Street (A331).
Colchester 14 miles, Braintree 6 miles, Bury St Edmunds 25 miles.
Transport
17 minute drive to Braintree Station
Links to A1124, A131, A12, and A120
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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Flats 2, 3, 4, 5, 6, The Red House, Colchester Road, Halstead CO9 2FB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Braintree Station6.0 miles
About the agent
Savills Auctions, London
33 Margaret Street London W1G 0JD
Savills Auctions are specialist residential and commercial property auctioneers with an unrivalled depth of experience and market knowledge.
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 148-10661. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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