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Lot 7
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Roger Browning House, 10 Maidenburgh Street, Colchester, Essex, CO1 1TT

Guide price £80,000 - £100,000*
Tenanted investment in Colchester City Centre... over 10% yield

Property Details

Description

Located in the heart of Colchester, now officially a city, this one-bedroom first-floor apartment sits just moments from the historic Colchester Castle and the picturesque Castle Park. The accommodation includes a living room with kitchen area, a bedroom, and a bathroom. The property is currently tenanted, with the occupant in place since 2011 on a now periodic tenancy and happy to remain. While the flat would benefit from some general updating in time, it presents a solid investment with ongoing income. Colchester offers a vibrant mix of shopping, dining, and cultural attractions, along with excellent transport links, making this a well-positioned, long-term investment opportunity in a thriving city centre location.

Key Features

  • 1-BED CITY APARTMENT
  • COLCHESTER CASTLE
  • FIRST FLOOR
  • TENANT SINCE 2011
  • NEEDS LIGHT UPDATING
  • INCOME FROM DAY ONE
  • STRONG CITY INVESTMENT
Tenure

Leasehold

EPC

C

Viewing

Thu 24 Apr - 16:00 - 17:00
Mon 28 Apr - 09:30 - 10:30

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mr Paul Connolly
Sparlings Solicitors
3 West Stockwell Street
Colchester
CO1 1HQ

Tenancy

AST - May 2011 now periodic

Current Yield.

£675 PCM / £8,100 pa

Download Legal Pack

Location

10 Roger Browning House, Maidenburgh Street, Colchester, Essex, CO1 1TT

*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 £1,200 inclusive of VAT. Other fees disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.