General information Situated close to the University of Essex and offering itself as an excellent investment opportunity for student accommodation with a potential monthly rent achievable of approximately £1,300 providing a good annual yield.
This stylish apartment has been well maintained by the current owners and offers comfortable living accommodation with excellent views and is accessed by a stair flight or lift to the top floor. The entrance hall has laminate flooring and window to the side with low voltage lighting and airing cupboard with all rooms leading off. The open plan living room/kitchen is spacious and bright and airy with sliding doors and windows leading to the balcony terrace and incorporating a kitchen area which is fitted with a range of stylish modern units and worksurfaces, plenty of cupboards and storage space and features integrated dishwasher, washing machine, fridge freezer, microwave oven, ceramic hob with extractor over and electric oven all having been recently installed with the exception of the oven and hob.
The master bedroom has a range of built in mirrored wardrobes and dual aspect windows and a door leading to the Jack and Jill bathroom which can be accessed from the hallway and comprises of a hand basin, W.C, panel bath with mixer taps and shower over. Bedroom two is also a good size with double glazed window to the side overlooking the River Colne and also features an en-suite shower room with shower cubicle, W.C, hand basin and tiled flooring.
Open plan living kitchen 20' 4" x 11' 8" < 17' 7" (6.2m x 3.56m)
Bedroom one 20' 6" > 12' 2" x 7' 11" (6.25m x 2.41m)
Bedroom two 12' 11" x 7' 9" (3.94m x 2.36m)
Ensuite 7' 9" x 7' 9" (2.36m x 2.36m)
Jack and Jill bathroom 6' 10" x 8' 1" (2.08m x 2.46m)
The outside The property benefits from underground allocated parking space which is clearly marked and has the benefit of a wrap around balcony with views towards the River Colne and the University of Essex.
Where? Quayside Drive is located in the Hythe area of Colchester being superbly located for the University of Essex and walks along the Wivenhoe trail. There is a Tesco Superstore nearby for day to day needs and Hythe railway station which is also close by and gives journeys to Colchester town and London Liverpool Street.
Important information Council Tax Band - C
Services - We understand that mains water, drainage and electricity are connected to the property.
EPC rating - C
Tenure - Leasehold
Lease details - Subject to confirmation from the management company and these charges are for the current year and maybe subject to change.
Lease date - April 2005
Original lease length - 155 years
Ground rent - £180 per annum
Service charge - £1579 per annum
Our ref - PRC
Agents note Any intending viewers or purchasers are advised of the following: An EWS1 form ( External Wall Survey) may be recommended for certain apartment buildings dependant on issues such as the height of the structure. the positioning of balconies and composition of any external cladding. Fenn Wright have not undertaken any such assessment in respect of this particular property and this note has been added to all flats being offered for sale throughout our business as appropriate general guidance .We recommend that potential purchasers seek advice from their solicitor and an independent Chartered Surveyor before committing to a purchase.
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A stylish contemporary penthouse apartment with balcony terrace overlooking the River Colne situated close to the University of Essex and offering itself as an excellent investment purchase with an approximate rental income of £1,300 per calendar month providing an approximate gross yield of 5.8% per annum.
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