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7
Lot 8
9

60B West Stockwell Street, Colchester, CO1 1HE

Guide price £160,000 - £180,000*
Colchester town centre investment... 2 bed duplex flat with parking

Property Details

Description

Tucked away in the historic Dutch quarter a stone’s throw from the thriving town centre is this Grade II listed, 2 bedroom, 2 reception room split level apartment. The property enjoys some wonderful period features and further benefits from gas c/h (n/t), spectacular kitchen and bathrooms together with onsite parking. Buyers should note that a fault has been identified within the roof with the cost of the repair being shared between the 2 leaseholders, full details are contained within the legal pack.

The current tenants occupy on an AST basis with the rent set at £1,000pcm which is reduced to £500pcm until the roof repairs have been completed.

Key Features

  • DUTCH QUARTER
  • 2 BED / 2 RECEPS
  • HIGH SPEC KIT
  • LUX BATHROOM
  • GAS C/H
  • GRADE II LISTED
  • LET ON AST
  • PERIOD FEATURES
  • VIEWING 7 JULY
Tenure

Leasehold

EPC

F

Viewing

Sat 7 Jul 11:30 - 12:30

Solicitors

Mr Paul Eagle
Bawtrees LLP
65 Newland Street
Witham
CM8 1AB

Tenancy

12 Month AST from Feb 2018

Current Yield.

£500 pcm rising to £1,000 pcm

Location

60B West Stockwell Street, Colchester, CO1 1HE

*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 £900 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.