5 Bedroom Flat Sold
***GUIDE PRICE £325,000 - £350,000***
Palmer and Partners are delighted to present to the market this fantastic opportunity to acquire a spacious five-bedroom penthouse apartment which creates a highly attractive investment opportunity that generates a potential gross annual return of approximately 6/7%. The apartment is situated in the sought after area of St Marys, close to Colchester's historic town centre, North station with its mainline links to London Liverpool Street, as well as local schools, shops and amenities being close by.
The apartment itself has accommodation comprising generous size lounge, kitchen, two bedrooms, further bedroom/dining room, en-suite and bathroom on the ground floor, whilst on the first floor are two good size bedrooms and shower room.
Over recent years the property has been used as 'room lets' with each door being fitted with lock and key, achieving approximately £400 - £550 per room per month. The layout of the accommodation lends itself perfectly for HMO purposes or alternatively a spacious top floor duplex penthouse for Town Centre living.
Palmer and Partners would strongly advise an early internal viewing to avoid disappointment.
Access via a lift or stair flight and opens to;
Entrance Hall 6.27m (20'7') x 1.17m (3'10')
Two storage cupboards, laminate wood effect flooring and doors leading to;
Lounge 5.61m (18'5') x 4.29m (14'1')
With large glass doors which can be opened revealing far reaching views over Hilly Fields.
Kitchen 3.51m (11'6') x 2.82m (9'3')
Work-surfaces with drawers and cupboards under, wall mounted cupboards over, built-in appliances to include; microwave oven, four ring gas hob, oven, fridge freezer, washing machine, combi boiler and dishwasher. Some of these are integrated into the wood design of the kitchen to leave a modern and clean look
Bedroom one 4.32m (14'2') x 3.43m (11'3')
En-suite 2.16m (7'1') x 1.55m (5'1')
Bedroom four 3.66m (12'0') x 3.15m (10'4')
Bedroom five/dining room 3.38m (11'1') x 3.10m (10'2')
Bathroom 2.16m (7'1') x 1.85m (6'1')
Bedroom two 4.52m (14'10') x 3.68m (12'1')
Bedroom three 4.52m (14'10') x 4.11m (13'6')
Shower room 1.83m (6'0') x 1.35m (4'5')
The property has underground secure gated parking with an allocated space with security camera facing the gated entrance.
No EPC available for this property
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