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58 George Williams Way, Colchester, CO1 2JZ

Sold for £146,000
Immaculate 2 bed Essex tenanted investment... viewing advised

Property Details

Description

This well-proportioned 2 bed ground floor flat is part of the modern George Williams Way residential development, close to Colchester town centre and railway links into London.
Accommodation comprises of a well-fitted kitchen with integrated appliances (n/t), large lounge/diner, 2 bedrooms and bathroom and includes gas central heating (n/t) and allocated parking.The property is the subject of a tenancy, which commenced as an AST approximately 2 years ago and now held on a periodic basis.

The existing tenant is very keen to remain and has meticulously maintained her home, which will be evident upon inspection.

Key Features

  • GROUND FLOOR
  • 2 BEDROOMS
  • EXCELLENT CONDITION
  • GAS C/H
  • SOLID INVESTMENT
  • PERIODIC TENANCY
  • PARKING
Tenure

Leasehold

Viewing

Sat 26 Nov 14:30 - 15:30

Solicitors

Mr Mark Lomas
Hayward Moon Property Lawyers
Connexions
159 Princes Street
Ipswich
IP1 1QJ

Tenancy

Originally a 6-month AST from January 2015 now a Periodic Tenancy

Current Yield.

£650 pcm / £7800 pa

Location

58 George Williams Way, Colchester, CO1 2JZ

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £720 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.