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Ballantyne Drive, Colchester, Essex, CO2 2 bed penthouse for sale
Ballantyne Drive, Colchester, Essex, CO2
£240,000
Ballantyne Drive, Colchester, Essex, CO2
£240,000
Our Summary
- *INVESTMENT OPPORTUNITY - TENANT IN SITU UNTIL MARCH 2025 PAYING £1800
Description
This investment opportunity presents a two-bedroom top-floor apartment with a wrap-around balcony, situated near the University of Essex, Tesco Superstore, and Hythe Railway Station. The property is currently tenanted until March 2025, paying £1800 per calendar month, generating a gross yield of approximately 9% per annum. The apartment features an open-plan kitchen, lounge, and diner, two bedrooms, one with an en-suite shower room, and a bathroom. Additionally, it comes with allocated bay parking. The city centre is within walking distance, offering a range of shopping, dining, and entertainment options. With an EPC rating of B, Palmer & Partners highly recommend an early internal viewing to avoid disappointment.