3 Bed Flat, Single Let, Colchester, CO2 8GN £175,000

• 134 YEARS REMAINING ON THE LEASE +
• IDEAL BUY TO LET OPPORTUNITY WITH CURRENT TENANT PAYING £1550PCM +
• THREE BEDROOMS +
• CURRENTLY ACHIEVING A 10% RENTAL YIELD +
• SHORT WALK FROM THE BRIDGE LEADING TO THE UNIVERSITY +
• EICR EXPIRES IN 2030 +
• EPC EXPIRES IN 2031 +
• SOLD WITH TENANCY AGREEMENT IN PLACE UNTIL AUGUST 2026 +

This three-bedroom apartment, located on Quayside Drive in Colchester, presents an attractive opportunity for investors. With 134 years remaining on the lease, the property ensures long-term security. The current tenancy agreement runs until August 2026, providing immediate rental income of £1550 per calendar month.

For those interested in the rental market, this apartment is currently achieving a 10% rental yield, making it a valuable addition to any portfolio. Its location is appealing for students and university staff, given its short walking distance from the University of Essex. The area is well-connected with public transport options and local amenities.

The property comes with valid EICR and EPC certificates expiring in 2030 and 2031 respectively, ensuring compliance with safety and energy standards. As an affordable property in a sought-after location for students, it represents a smart investment choice. Act now to secure this opportunity before it's gone.