2 Bed Flat, Motivated Seller, Colchester, CO2 9GD £135,000

• CASH BUYERS ONLY +
• Investment Opportunity +
• Second Floor Apartment +
• Two Double Bedrooms +
• Open Plan Kitchen/Living/Family Room +
• 230 Year Lease Remaining! +
• Ground Rent £275.00p P/A +
• Service Charge £1830.00p P/A +
• Allocated Parking +

Excellent Two-Bedroom Apartment – South Colchester – CASH BUYERS ONLY Please note this property is available to cash buyers only and is therefore offered at a very attractive price below current market value. For further information, please contact a consultant today. Situated in a sought-after South Colchester location, the property is conveniently placed close to a wide range of local amenities, shops, and a regular bus network providing easy access to the city centre. The apartment also benefits from outlooks onto an attractive green space. Located on the second floor, this well-presented apartment is currently let until August 2026, with tenants keen to remain in situ, subject to a review of terms. The accommodation comprises a welcoming entrance hall, a feature open-plan living/dining/kitchen area, two double bedrooms, and a family bathroom. Additional benefits include a new water tank installed in 2025, bicycle storage and allocated parking. Leasehold Information: The property is offered on a leasehold basis with a 250-year lease from 1 January 2006, leaving approximately 230 years remaining. The service charge is approximately £1,830 per annum, with a ground rent of £275 per annum. All interested parties are advised to confirm these details with their solicitor at an early stage of conveyancing. Current tenancy: The current tenancy agreement is until August 2026, currently paying £950 PCM, offering a gross yield of 8.4%. The current tenants are keen to remain in situ, subject to terms being agreed. Viewings can be arranged through one of our consultants.