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7
Lot 8
9

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

Guide price £70,000 - £90,000*
Over 11% return at low guide... Highwoods modern tenanted investment

Property Details

Description

The Highwoods development was built in the 1980’s and enjoys a lovely wooded environment and is located just 3 miles northeast of Colchester City Centre. A reliable and professional tenant is currently in occupation, secured under a 12-month Assured Shorthold Tenancy (AST) from August 2023, providing a stable and immediate return on investment. Situated conveniently near local facilities, supermarkets, and bus services, and with easy access to the main A12, this property offers both comfort and convenience. The well-appointed accommodation encompasses a cosy living area, a dedicated bedroom zone, a fitted kitchen, and a modern bathroom. Electric heating ensures efficiency, while the property also includes communal parking and access to a shared garden.

Key Features

  • HIGHWOODS AREA
  • 1980’S BUILD
  • TENANT OCCUPIED
  • 12-MONTH AST
  • NEAR AMENITIES
  • MODERN FACILITIES
  • COMMUNAL PARKING
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 August 23'

Current Yield.

£650 pcm / £7,800 pa

Location

42 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.