5 bed flat for sale

Vineyard Street, Colchester, Essex CO2

Guide price £700,000-£750,000

A great opportunity to acquire a freehold investment portfolio in Colchester City Centre generating £65,000 of annual income.

Colchester has had significant regeneration in recent years and has been one of Britain's fasting growing cities, with a number of significant new developments having been built in recent years. The population has increased from 173,100 in the 2011 census to 192,700 in the 2021 census.

There is a mainline rail station with trains to London taking from as little as 56 minutes, and the University of Essex is in the top 25 UK Universities according to The Guardian University Guide.

The portfolio on Vineyard Street comprises of three occupied commercial units with long standing tenants and five self contained flats.

Three of the flats are one bedroom, with open plan lounge/kitchens and shower rooms, whilst the other two flats are studios with shower rooms.

The commercial units all have WC facilities and two have kitchenettes.

Further information on the tenancies are available on request.

This is an outstanding opportunity to acquire an established investment in a central location in the City Centre.

Please contact the sales team for more information.

Flat 1 - EPC Rating C
Flat 2 - EPC Rating C
Flat 3 - EPC Rating C
Flat 4 - EPC Rating C
Flat 5 - EPC Rating C