Next Auction
8
Lot 9
10

38 Cleveland Close, Highwoods, Colchester, Essex, CO4 9RS

Guide price £70,000 - £90,000*
High yielding residential investment... reliable established tenant

Property Details

Description

A solid investment opportunity to invest in this tenanted first-floor flat nestled in the vibrant Highwoods development, a mere 3 miles northeast of Colchester City Centre. Boasting a reliable tenant since 2019, this property ensures immediate returns on your investment. The strategic location offers seamless access to local amenities, including a large supermarket and bus services, while the main A12 is easily reachable for convenient commuting. The well-designed accommodation comprises a comfortable living area, a bedroom space, fully equipped kitchen, and a modern bathroom. Electric heating provides efficiency, and the property comes with the added perks of ample communal parking and a shared garden. This Lot is an ideal addition to any residential portfolio.

Key Features

  • HIGHWOODS FLAT
  • 1ST-FLOOR UNIT
  • TENANT SINCE 2019
  • NEAR SUPERMARKET
  • EASY A12 ACCESS
  • MODERN INTERIOR
Tenure

Leasehold

EPC

D

Viewing

Sat 25 Nov 11:00 - 12:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mrs Sonia Fransener
PCS Legal
Suites 25-33
Central House,
265 High Street,
Ongar,
CM5 9AA

Tenancy

AST from 2019

Current Yield.

£610 pcm / £7,320 pa

Location

38 Cleveland Close, Highwoods, Colchester, Essex, CO4 9RS

*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.