Block of Apartments for saleCOLCHESTER
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.
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.
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