Investment Colchester
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
55
- BATHROOMS
39
- 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
- A superb investment portfolio of 7 properties and a carpark.
- A gross income circa £456,000 per annum.
- Four properties let to students producing a gross income circa of £326,000 per annum.
- Two properties let on five year commercial lease.
- Carpark let to business users.
- Storage barn with planning potential.
- Further growth in income subject to rental opportunities.
- City centre properties.
- Close to public transport.
Description
The Scheregate collection consists of four properties centred around the carpark. The Scheregate, a Grade 2 listed 18th Century former hotel, provides 12 studio apartments, 3 ensuite rooms and 2 shared facility room. The pump house consists 4 studio apartments, 4 Abbeygate Street, a Grade 2 Listed late 18th century, six bedrooms with shared facilities and a 1 bed apartment, a storage barn and 38 space carpark that produces a gross combined income circa £284,000.
30 New Town Road, a 14 rooms with shared facilities producing a gross income circa £86,000.
93 Military Road, 5 study rooms with shared facilities and a 1 bed apartment let on a 5-year FRI lease at £35,000 per annum.
95 Military Road, 6 studio apartments and 1, 2 bed apartment let on a 5-year FRI lease at £55,000 per annum.
Location
With its strategic location in the heart of Colchester City Centre and all the city's everyday amenities. The Bridgebank Portfolio ensures high rental demand and long-term growth potential. Within close proximity to the City Centre Bus and Train Stations as well as the A12, access to all parts of the UK are within easy reach. By car, Stansted Airport is within 45 minutes and London is 75 minutes. Trains to London Liverpool Street Station run every half hour in peak times and, with journey times as little as 45 minutes, Colchester is a vibrant and sought after commuter location.
Brochures
THE BRIDGEBANK PORTFOLIO BROCHURE.pdfBrochure- 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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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Investment Colchester
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Visit our security centre to find out moreDisclaimer - Property reference 34668446. 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 Charles Wright Properties, Suffolk. 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.
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