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Military Road, Colchester CO1 6 bed semi
Military Road, Colchester CO1
£295,000
Military Road, Colchester CO1
£295,000
Our Summary
- An investment opportunity to purchase a property currently producing £33,0000 gross a year, yielding 11
- Description - An opportunity to purchase a well-managed investment opportunity that has consistently achieved rental income for the past 25 years
- This is a solid investment with a proven track record with the potential to increase the rent over 12 months
- Tenure: FreeholdLocal Authority: Colchester City CouncilCouncil Tax: Band CEPC: Band DLicenced HMOPotential to extend
- Potential for further uplift
- Potential to extend and develop
Description
This is a rare investment opportunity to purchase a well-managed property that has consistently generated rental income for the past 25 years. The property, located in the heart of Colchester, yields 11.1% per annum gross and produces £33,000 per year from a 11-month student tenancy. The property spans two floors, featuring six bedrooms, a kitchen, shower room, and bathroom. The property is close to the town centre, Colchester Institute, and the University, making it an attractive option for students. The property also has potential to extend and is available to purchase as a furnished tenanted property or with vacant possession.