Flats 1- 6, The Red House, Colchester Road, Halstead, Essex, CO9 2FB
Auction sale - Monday 11th December 2017
Sold for £550,000
Upon the instructions ofJoint LPA Receivers
- Freehold residential investment
- Includes six modern self-contained flats
- 4 let on AST's, 2 sold off on long leases
- Current rent £35,600 per annum
7 Bell Yard, London WC2
Completion 30 business days.
Miles: Colchester 14 miles, Braintree 6 miles, Bury St Edmunds 24 miles
Roads: A1124, A131, A12, A120
The property comprises a substantial, detached building of traditional brick construction beneath a tiled roof that has been converted to provide residential accommodation. The building is arranged as six self-contained flats (4 lets on AST's 2 sold off on long leases), over ground, first and second floors and includes 7 car parking spaces to the rear. The property is situated on the north side of Colchester Road, close to the junction with Broom Hill and a short distance from the retail centre along High Street/Head Street (A331).
Braintree District Council (01376 552 525) www.braintree.gov.uk
Refer to the legal documentation
Energy Performance Certificate
|Address||Accommodation||Tenant||Lease Terms||Rent £ pa|
|Flat 1||Two bedroom flat (1,496 sq ft)||Individual||125 years from 01/01/2009||£250|
|Flat 2||Two bedroom flat (812 sq ft)||Individual||125 years from 01/01/2009||£250|
|Flat 3||Two bedroom flat (1,326 sq ft)||Individual||9 month AST from 21/09/2017||£9,600|
|Flat 4||Two bedroom flat (924 sq ft)||Individual (1)||Periodic tenancy||£9,000|
|Flat 5||Two bedroom flat (756 sq ft)||Individuals (1)||7 month AST from 01/07/2017||£7,800|
|Flat 6||Two bedroom flat (653 sq ft)||Individual (1)||12 month AST from 16/03/2017||£8,700|
(1) Rent deposits are held. Please refer to the legal pack.
Irwin Mitchell LLP
0113 218 6428
* Guide price
The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.
* Reserve price
The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.
Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.
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