St Johns Road, St Johns

New Guide Price £650,000-£700,000

A chance to acquire this fully let and high standard HMO investment opportunity. The property comprises 10 studios generating an annual income of £64,776 per annum yielding a return in excess of 9%. Additional benefits include ample parking, communal gardens with various storage sheds, social day room with seating, and two communal kitchens. Stoneridge Estate Agents currently manage the building and therefore can confirm the condition, daily running and tenants are of the highest quality. Further information is available upon request. EPC - C

The property is located just to the north side of the town giving good road access to the A120/A120. Colchester main train station is an approx. two miles away and local to the property is Tesco superstore.