CO3 4 London Road, Stanway, Colchester

Dachet House, an opportunity to acquire a fully occupied block of 6 flats, let on Assured Shorthold Tenancies, located London Road, between Tollgate Retail Parks and the City Centre.

Investment Summary:

· Current Rental Income of £43,200 per annum

· Each flat benefits from one Car Parking Space,

· Communal garden to the rear.

· Conveniently located on London Road between Colchester City Centre, and Tollgate Retail Parks

Dachet House comprises a block of six one bedroom flats across ground, first and second floors. There are two flats located on each floor, accessed via a central stairwell.

The property is constructed in c. 1960's of brick elevations under a flat felt roof. Internally each flat comprises one bedroom, a kitchen, living room, bathroom and storage cupboards, benefitting from gas central heating, double glazed UPVC windows, electric hob / oven and shower over bath.

Externally, the flats benefit from one car parking space each (6 car parking spaces total) and a small communal garden located to the rear.

The property is located along the busy London Road, in Lexden, Colchester, approximately 1.5 miles west of the City Centre, with Stanway and Tollgate Retail Parks, 1.3 miles to the west. The A12 is located 0.7 miles to the east via Spring Lane Roundabout (south bound only) and 1.5 miles to the west at junction 26 (north and south bound).

London Road is a prominent thoroughfare offering excellent accessibility to the A12, which provides direct routes to Chelmsford, Ipswich, and London. The property is situated along a main bus route on London Road, connecting the city centre with Tollgate Retail Park in Stanway.

Colchester North Station is located 2.4 miles to the east, on the mainline to London Liverpool Street with average journey times of approximately one hour.