The portfolio
TENURE
Leasehold
NO OF UNITS
4
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
2,378
PRICE SQ FT
£370
Please note that this is an off-market opportunity that is available to qualified buyers only.
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Opportunity to acquire a small portfolio of 4 purpose-built apartments in several locations in Colchester and Witham, Essex.
All apartments are currently tenanted and are being sold on a leasehold basis, with 139 years remaining on each lease.
The total gross rental income of the portfolio is £3,000 pcm (£36,000 pa).
The portfolio comprises:
- 3 x 2-bed, 2-bath purpose-built apartments (in total 1,819 sqft; on average 606 sqft per apartment)
- 1 x 1-bed, 1-bath purpose-built apartment (559 sqft)
Three of the apartments are located in Colchester and one is in Witham.
Colchester is a historic and picturesque market town in Essex. It lies approximately 50 miles north-east of London and is connected to London via the A12 as well as via regular direct train services to London Liverpool Street Station (1 hour 8 minutes travel) making it a popular commuter town. Stanstead Airport is around 30 miles away and there is a passenger ferry port in Harwich, some 20 miles away, which offers regular ferry services to the Hook of Holland. In the historic streets of Colchester’s town centre are a variety of well-known high street brands as well as specialist boutiques and independent shops. Colchester is currently benefiting from £3 billion of local authority and private sector investment which will bring new housing, enriched leisure options to residents and visitors, as well as new opportunities for businesses and better skilled, higher paying jobs.
Witham is a town in Essex, which lies around 13 miles north-east of Colchester and 8 miles south-west of Chelmsford, and is connected to the two, as well as central London, via the A12. Witham Railway Station is on the Great Eastern Main Line, with direct trains to London Liverpool Street Station taking approximately 50 minutes. Other destinations include Ipswich, Colchester Town and Clacton-on-Sea and Baintree. Due to its good transport links Witham has largely become a commuter town with many residents travelling to work in London. Witham’s town centre is comprised of the high street and two shopping precincts which include the Newlands Shopping Centre and Grove Shopping Centre.
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About Witham and Colchester, Essex
Witham
Witham is a town in the county of Essex, East of England. It lies around 8 miles south-west of Chelmsford and 13 miles north-east of Colchester and is connected to the two, as well as central London, via the A12 road.
Witham railway station is on the Great Eastern Main Line and trains to Liverpool Street take approximately 40-45 minutes. Other destinations are Ipswich, Colchester Town and Clacton-on-Sea. Witham is also the junction for the Braintree branch line to Braintree.
Due to its good transport links Witham has largely become a commuter town with many residents travelling to work in London.
Witham’s town centre is comprised of the high street and two shopping precincts which include the Newlands Shopping Centre and Grove Centre. One can also find a number of smaller shops as well as restaurants, pubs and well-known high street brands here.
The local leisure facilities include Witham Leisure Centre and Benton Hall Golf and Country Club. There is also a 3.5-mile walking and cycling route through town, the ‘river walk, which is also home to a range of wildlife.
Colchester
Colchester is a historic market town in the county of Essex, East of England. It lies approximately 50 miles north-east of London and is connected to London via the A12 road, making it a popular commuter town.
Stanstead Airport lies about 30 miles away and there is the passenger ferry port in Harwich, around 20 miles away, which offers regular ferry services to the Hook of Holland.
The towns railway station, Colchester North, is on the Great Eastern Main Line and runs regular services to Liverpool Street, Clacton-on-Sea, Colchester Town, Walton-on-the-Naze, Ipswich and Norwich.
Some of the local attractions include Colchester Zoo, Colchester Castle Museum and Park, St Botolph’s Priory, Radio Caroline’s MV Ross Revenge and High Woods Country Park.
In the historic lanes of Colchester’s town centre are a variety of well-known high street brands as well as specialist independent shops and several places to eat. Trinity Street is one of the town’s most picturesque streets and is home to some unique businesses. The local traders also run special events throughout the year. Regular markets are being held in and out of town, such as Colchester Market each Friday and Saturday and the monthly Farmers Market.
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