Nunns Road, Colchester

A TRULY EXCEPTIONAL INVESTMENT OPPORTUNITY OFFERING AN IMPRESSIVE RENTAL YIELD OF APPROXIMATELY 13.7% – 15.2%.
***** OFFERED CHAIN FREE *****
(GUIDE PRICE OF £190,000 - £210,000)
THIS SPACIOUS FOUR-BEDROOM DUPLEX APARTMENT.SPANS OVER 1,111 SQ. FT. AND INCLUDES A 17’1” X 8’7” DOUBLE-LENGTH GARAGE AND AN ALLOCATED PARKING BAY, BOTH SECURELY GATED.
SITUATED IN A HIGHLY SOUGHT-AFTER LOCATION JUST MOMENTS FROM COLCHESTER CITY CENTRE, COLCHESTER TOWN STATION (0.5 MILES), AND COLCHESTER STATION (0.6 MILES) – BOTH OFFERING DIRECT LINKS TO LONDON LIVERPOOL STREET – THE PROPERTY IS IDEALLY POSITIONED FOR PROFESSIONALS, COMMUTERS, AND STUDENTS ALIKE.
THE PROPERTY IS ARRANGED OVER TWO FLOORS AND BENEFITS FROM TWO SEPARATE ACCESS POINTS: ONE FROM STREET LEVEL VIA A COMMUNAL ENTRANCE, AND ANOTHER FROM THE LOWER GROUND FLOOR PARKING AREA, PROVIDING ADDED CONVENIENCE AND FLEXIBILITY.
UPON ENTRY, A COMMUNAL HALLWAY LEADS TO THE MAIN ENTRANCE OF THE HOME. THE INTERNAL LOBBY OPENS INTO A MODERN 12’6” X 8’2” FITTED KITCHEN, WHILE A SPACIOUS LANDING PROVIDES ACCESS TO A GENEROUS 15’8” LOUNGE THAT OVERLOOKS THE REAR OF THE PROPERTY. THIS LEVEL ALSO OFFERS A WELL-SIZED FOURTH BEDROOM MEASURING 10’6” X 8’3”.
A STAIRCASE DESCENDS TO THE LOWER GROUND FLOOR, WHICH HOSTS THREE FURTHER BEDROOMS. BEDROOM ONE MEASURES 12’4” X 8’8”, BEDROOM TWO MEASURES 11’2” X 8’8”, AND BEDROOM THREE MEASURES 9’2” X 8’8”. THIS LEVEL ALSO INCLUDES A GOOD-SIZED FAMILY BATHROOM.
EXTERNALLY, THE PROPERTY FEATURES A SECURELY GATED PARKING AREA WITH A DOUBLE-LENGTH GARAGE AND AN ALLOCATED PARKING SPACE (ETCHED IN RED), BOTH OF WHICH OFFER POTENTIAL FOR ADDITIONAL RENTAL INCOME.
***** THE PROPERTY CURRENTLY GENERATES A STRONG RENTAL RETURN OF £2,400 PER CALENDAR MONTH, BASED ON EACH BEDROOM BEING LET AT £600 PCM *****
***** FURTHER INCOME COULD BE ACHIEVED BY LETTING OUT THE GARAGE SEPARATELY, MAKING THIS A TRULY OUTSTANDING INVESTMENT IN A PRIME LOCATION *****
LEASEHOLD & CHARGE INFORMATION
TENURE - LEASEHOLD
LEASEHOLD TERM UNEXPIRED - APPROXIMETELY 100 YEARS REMAINING
SERVICE CHARGE - APPROXIMETELY £2,600 PER ANNUM
GROUND RENT - APPROXIMETELY £125 PER ANNUM
COUNCIL TAX BAND: C (COLCHESTER)
Agent Note: The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.