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Lot 15
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77 George Williams Way, Colchester, CO1 2JP

Sold for £146,000
Modern 2 bed Colchester apartment... strong tenanted investment

Property Details

Description

The popular George Williams Way scheme is on the fringe of Colchester’s historic town centre with retail, bus and railway services to London all nearby.
This sizeable first floor apartment offers a lounge/diner with French Doors and Juliet Balcony, a fitted kitchen with integrated appliances (n/t), Master Bedroom again with Juliet Balcony, second bedroom and bathroom.The property enjoys allocated parking, gas central heating (n/t) and is the subject of a long-standing tenancy, now reverted to a periodic agreement.

Priced to sell, this apartment delivers a strong investment, speculative or first time purchase opportunity.

Key Features

  • TENANTED INVESTMENT
  • 2 BEDROOM ACCOM.
  • PERIODIC TENANCY
  • LONG STANDING TENANT
  • ALLOCATED PARKING
  • GAS CENTRAL HEATING
  • FLOOR PLANS ONLINE
Tenure

Leasehold

EPC

C

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 November 2011 now a Periodic Tenancy

Current Yield.

£500 pcm / £6000 pa

Potential Yield.

£650 pcm / £7800 pa

Location

77 George Williams Way, Colchester, CO1 2JP

*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.