Oak House, 25 St. Peters Street, CO1 1 bed apartment for sale

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Oak House, 25 St. Peters Street, CO1 1 bed apartment for sale

Oak House, 25 St. Peters Street, CO1
£170,000

Our Summary

  • This is an excellent investment opportunity with a tenant currently in situ and a monthly rental income of £950 PCM being achieve with a yield of over 6%
  • Investment opportunity

Description

This spacious, modern first-floor apartment is located in Colchester's historic city centre and offers an excellent investment opportunity. With a tenant currently in situ, the property generates a monthly rental income of £950 PCM, resulting in a yield of over 6%. The property is well-maintained and modern throughout, and its central location provides easy access to rail links, transport routes, and amenities. The property is available for viewing immediately and is offered with no onward chain, making it an attractive opportunity for investors. With a 120-year lease, ground rent of £300 per annum, and service charge of £1,284 per annum, this property presents a solid investment opportunity with a high rental yield.