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£135,000

2 bed flat for sale
Vitoria Mews, Colchester CO2

    • 2 beds

    • 1 bath

    • 1 reception

  • EPC Rating: C

Michaels Property Consultants

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About this property

  • Cash buyers only

  • Investment Opportunity

  • Second Floor Apartment

  • Two Double Bedrooms

  • Open Plan Kitchen/Living/Family Room

  • 230 Year Lease Remaining!

  • Ground Rent £275.00p P/A

  • Service Charge £1830.00p P/A

  • Allocated Parking

Excellent Two-Bedroom Apartment – South Colchester – cash buyers only

Please note this property is available to cash buyers only and is therefore offered at a very attractive price below current market value. For further information, please contact a consultant today.

Situated in a sought-after South Colchester location, the property is conveniently placed close to a wide range of local amenities, shops, and a regular bus network providing easy access to the city centre. The apartment also benefits from outlooks onto an attractive green space.

Located on the second floor, this well-presented apartment is currently let until August 2026, with tenants keen to remain in situ, subject to a review of terms. The accommodation comprises a welcoming entrance hall, a feature open-plan living/dining/kitchen area, two double bedrooms, and a family bathroom. Additional benefits include a new water tank installed in 2025, bicycle storage and allocated parking.

Leasehold Information: The property is offered on a leasehold basis with a 250-year lease from 1 January 2006, leaving approximately 230 years remaining. The service charge is approximately £1,830 per annum, with a ground rent of £275 per annum. All interested parties are advised to confirm these details with their solicitor at an early stage of conveyancing.

Current tenancy: The current tenancy agreement is until August 2026, currently paying £950 pcm, offering a gross yield of 8.4%. The current tenants are keen to remain in situ, subject to terms being agreed.

Viewings can be arranged through one of our consultants.

Master Bedroom

12' 10" x 8' 5" (3.91m x 2.57m)

Bedroom Two

11' 7" x 8' 2" (3.53m x 2.49m)

Bathroom

6' 11" x 5' 7" (2.11m x 1.70m)

Living Room/Kitchen

Living Room - 15' 3" x 14' 5" (4.65m x 4.39m)

Kitchen - 11' 8" x 6' 0" (3.56m x 1.83m)

Additional Information

Leasehold Information: The property is offered on a leasehold basis with a 250-year lease from 1 January 2006, leaving approximately 230 years remaining. The service charge is approximately £1,830 per annum, with a ground rent of £275 per annum. All interested parties are advised to confirm these details with their solicitor at an early stage of conveyancing.

Current tenancy: The current tenancy agreement is until August 2026, currently paying £950PCM, offering a gross yield of 8.4%. The current tenants are keen to remain in situ, subject to terms being agreed.

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Property descriptions and related information displayed on this page are marketing materials provided by - Michaels Property Consultants. 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 Michaels Property Consultants for full details and further information.