Ballantyne Drive, Hythe, Colchester CO2
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**Portfolio Sale** Located in a prime position to the South of Colchester lies this excellent and rare opportunity to acquire 10 modern apartments in Ballantyne Drive, Hythe Quay, Colchester. Set within a popular modern development, within close proximity of the reputable University Of Essex and Colchester’s Hythe Station with links to London Liverpool Street Station – ideal for the working professional. There is also the added benefit of well-maintained communal areas, picturesque walks along the River Colne Close by, an array of local shops, amenities and services and in easy access of a selection of restaurants.
The portfolio comprises of four, two-bedroom apartments and six, one-bedroom apartments. The apartments are all occupied with credible long-term tenancy agreements in place. The portfolio advertised collectively produces an impressive yearly income of £104,880/monthly income of £8,740, producing a gross yield of 5.83 at asking price.
Please see the below breakdown of the portfolio and income that is being achieved from each apartment:
-Ballantyne Drive 2 Bedroom Apartment – Marketing Price – £200,000 – Achieving £950 PCM.
– Ballantyne Drive 2 Bedroom Apartment – Marketing Price – £200,000 – Achieving £1,050 PCM.
– Ballantyne Drive 2 Bedroom Apartment – Marketing Price – £200,000 – Achieving £995 PCM.
– Ballantyne Drive 2 Bedroom Apartment- Marketing Price – £200,000 – Achieving £995 PCM.
– Ballantyne Drive 1 Bedroom Apartment – Marketing Price – £170,000 – Achieving £800 PCM.
– Ballantyne Drive 1 Bedroom Apartment – Marketing Price – £170,000 – Achieving £800 PCM.
– Ballantyne Drive 1 Bedroom Apartment – Marketing Price – £170,000 – Achieving £775 PCM.
– Ballantyne Drive 1 Bedroom Apartment – Marketing Price – £170,000 – Achieving £800 PCM.
– Ballantyne Drive 1 Bedroom Apartment – Marketing Price – £170,000 – Achieving £800 PCM.
– Ballantyne Drive 1 Bedroom Apartment – Marketing Price – £170,000 – Achieving £775 PCM.
= Collective portfolio price of £1.800,000.
Listed:
November 18, 2022
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