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Investment

Guide price

£100,000

Studio for sale The Beer House, Magdalen Street, Colchester CO1

1 bath
1 reception

Property location

  • St Thomas More's Catholic Primary School, Colchester0.3 miles
  • Colchester Town0.3 miles
  • St George's New Town Junior School0.4 miles
  • Hythe (Essex)0.7 miles

Features and description

  • Freehold
  • Ground Floor Studio Flat
  • Situated Within Walking Distance Of Colchester's Historic Town Centre
  • Period Features Throughout
  • Ideal Investment Opportunity
  • Must Be Viewed
**Guide Price £100,000 - £110,000**

Palmer and Partners are delighted to offer for sale situated within walking distance of Colchester's historic town centre with its full range of shops, restaurants and amenities, as well as the town strain station and being opposite the Tesco's Mini Market, Palmer and Partners are delighted to offer for sale this spacious ground floor studio flat, with the main large reception room measuring 34'7 x 13'5. This grade II former land Mark Coaching Inn has recently been refurbished and converted into five separate flats. This would be an ideal opportunity for an investment purchaser and we feel it would achieve £495 per calendar month. The developer has retained many of the fine period features throughout including a large bay stain glass window, exposed timbers and iron work. The accommodation comprises a large reception room as previously mentioned, kitchen area and family bathroom. Palmer and Partners would strongly recommend the earliest of internal viewings to avoid disappointment.

Entrance Door To Inner Hallway

Window to front, entry phone system, airing cupboard, exposed timbers and archway to the reception room/kitchen.

Large Reception Room (10.52m (34'6") x 3.94m (12'11"))

Feature stained glass bay window to front, electric heater x2 and exposed beams.

Kitchen

Comprises a stainless steel sink set into a range of work surfaces with cupboards under, range of eye level cabinets, stainless steel oven and hob with an extractor over, free standing fridge and washing machine and door to the bathroom.

Bathroom

Window to rear and side, panel enclosed bath with power shower and glass screen over, pedestal hand wash basin, low level WC and fully tiled walls.

Outside

The flat benefits from access to the communal gardens.

Agents Notes

We have been made aware by the vendor that any perspective purchaser would then own a fifth of the freehold. All owners currently pay £50 pcm to a company to contribute towards the maintenance and any additional costs are split between the property owners.

1 floor plan available

View the floor plan to understand the space and layout of this property.

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Property descriptions and related information displayed on this page are marketing materials provided by - Palmer & Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Palmer & Partners for full details and further information.