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Block of Apartments for sale

COLCHESTER

£950,000

Property Description

Full description

Tenure: Freehold

INVESTMENT OPPORTUNITY
This is a Rare Opportunity to Purchase a Freehold Investment Property in a Prime Location in Old Lexden. The Property was Converted in 2004 from a Care Home for the Elderly into Luxury Apartments and at the Same Time a Detached Self Contained Villa was Erected on the Site.
There are:
3 Two Bedroom Apartments
3 One Bedrooms Apartments
1 Detached, Two Story, Two Bedroom House with Enclosed Garden.
Parking Area with 7 Allocated Parking Spaces.

.
The property is in excellent decorative order internally and has a proven track record of successful residential letting with almost no void periods. The current rental yield is 51,900 pounds/annum but there is also the opportunity to put in place a long lease and separate the property, thus increasing any future capital return.

More information from this agent

To view this property or request more details, contact:

Blake & Thickbroom, Clacton on sea

70 Station Road, Clacton-On-Sea, CO15 1SP

01255 688788 Local call rate

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Property reference 5473. 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 Blake & Thickbroom, Clacton on sea. 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.