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Investment Opportunity - 8.6% Yield. Tenant in situ until October 26 with rental of £1,000pcm Fantastic second floor apartment within walking distance of City Centre and Station. * Water Rates Included & Communal Gym *
Fantastic second floor apartment within walking distance of City Centre and Station. Lift access to floor. Entrance hall with large storage cupboard. Open plan kitchen/ living room with breakfast bar, integrated fridge/ freezer, integrated dishwasher, washer/ dryer, electric hob and oven. Good size double bedroom. Modern style bathroom suite with shower. Excellent condition throughout. Double glazed and electric heating. Access to communal Gym. * Water Rates Included * Close to City Centre, Station and Good A12 access.
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Rotary Way, Colchester, CO3
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Utilities
Electricity
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Heating
Electric Mains
Broadband
ADSL
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Rights and Restrictions
Private rights of way
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Public rights of way
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Restrictions
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Parking
No Parking Available
Risks
Flooded in last 5 years
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Flood Defenses
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Source of Flood
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Please note that additional fees may apply. Click here. for more information
Tenant Fee Schedule (All amounts include VAT)
Holding Deposit: One week’s rent This secures the property. If any relevant person (including guarantors) withdraws from the tenancy, fails a Right to Rent check, provides materially false or misleading information, or fails to sign the tenancy agreement (or Deed of Guarantee) within 15 calendar days (or other mutually agreed deadline), this deposit will be withheld. The holding deposit will be offset against the initial security deposit once the tenancy is agreed.
Security Deposit: Five weeks’ rent This deposit covers any damages or defaults on the tenant’s part during the tenancy.
Unpaid Rent: Interest at 3% above the Bank of England base rate from the due date until paid. This charge will not be applied until the rent is more than 14 days in arrears.
Lost Key(s) or Other Security Devices: Tenants are responsible for the cost of replacing lost keys or other security devices. If locks need to be changed, the tenant will be charged the actual cost for a locksmith, new locks, and replacement keys for the tenant, landlord, or anyone else requiring keys. In addition, a charge of £15 per hour will be made for time spent replacing lost keys or security devices.
Variation of Contract (Tenant’s Request): £50 per agreed variation. This covers the cost of taking the landlord’s instructions and preparing new legal documents.
Change of Sharer (Tenant’s Request): £50 per replacement tenant, or any reasonable costs incurred, should these be higher. This fee covers tenant referencing, Right to Rent checks, deposit registration, and preparation of new legal documents.
Early Termination (Tenant’s Request): If a tenant wishes to terminate their contract early, they are liable for the landlord’s reasonable re-letting costs and any rent due until the start of the replacement tenancy. These costs will not exceed the maximum amount of rent remaining on the tenancy.
Company Let: £600 administration fee £99 check-in fee
