7 bed block of flats for sale

3 & 4 Chapel Street North, And 4. St John's Avenue, Colchester, Essex CO2

For sale by auction on Wednesday, 25 Mar 2026 at 10:00

Venue: Livestream Auction

A Freehold city centre investment comprising 7 tenanted flats

Situated in the heart of Colchester just a short walk to the thriving city centre is this Freehold residential investment comprising 6 x 1 bedroom and 1 studio flats with parking to the rear for several vehicles.

The property is held on 2 Titles and fully let to established tenants providing an income of £63,660 per annum. A full breakdown is available on request.

Whilst elements of the building would benefit from improvement it has gas central heating, is fully double glazed and with an annual yield equating to over 11.5% based on the low end of the Guide Price there's no doubt this is an outstanding investment opportunity.

Note - Please be advised 4 St John's Avenue has the postcode CO2 7AR

Council Tax Band
A


EPC Rating: C, D

Additional Fees
Buyers Premium: £1500 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.