1 bed flat for sale

Pier Wharf, Colchester CO2

This one-bedroom apartment on the third floor of Pier Wharf presents an excellent buy-to-let investment. With a tenant already in place until 2027, the property currently achieves a rental income of £975 per month, offering a strong yield of 9%. The apartment features a balcony off the living area and comes with fitted kitchen appliances, adding to its appeal for tenants.

Situated in Colchester, the location is particularly attractive for those connected with the nearby university, making it a popular choice among students and academic staff. The area is well-served by public transport and local amenities, ensuring that residents have everything they need within easy reach. The leasehold has 135 years remaining, providing long-term security for prospective buyers.

Pier Wharf offers an affordable entry into property investment with its competitive asking price and established rental income. This opportunity is ideal for investors looking to add to their portfolio or enter the market with minimal hassle. Act quickly to secure this property and benefit from its potential returns.

The seller has made us aware of the following:

Remaining Lease - 135 Years

Service Charge - £1800.00 per annum

Ground Rent - £200.00 per annum