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
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
* Reserve price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
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