Cambridge, CB2 2BW | Investment Property for Sale | VES-CB2-638

Opportunity to buy an income generating freehold apartment block in the university city of Cambridge

£3,815,000

11 Unit Block

VES-CB2-638

INITIAL INVESTMENT

£1,743,600

GROSS RENT / YIELD

£153,180 / 4.0%

NET RENT / YIELD

£117,654 / 3.1%

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This listing along with over £23 million of other property has been sold since our launch in 2018.

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The block

TENURE

Freehold

NO OF UNITS

11

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

7,432

PRICE SQ FT

£513

Overview

  • Total No. of Units: 11 x apartments
  • 10 x 2 beds and 1 x 1 bed
  • Freehold block
  • Aggregate rent: £12,765pcm; £153,180 pa
  • Tenancy types: ASTs

Property Features

  • Video-entry phone access
  • Fitted kitchen with integrated appliances
  • Stone worktops
  • Open plan kitchen/diner
  • Master bedroom with en-suite

Additional information available

  • Breakdown & Financial Summary
  • EPCs for all units
  • Available Documentation
  • Viewings or further queries

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£153,180

Equivalent of £12,765 per calendar month (PCM).

GROSS RENTAL YIELD

4.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£117,654

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.1%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£35,526

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Cambridge

Cambridge is a popular and thriving area, with a wealth of history. Located in the south of the county of Cambridgeshire, it has excellent road and rail connectivity throughout the region, with journey times to London taking around 2 hours by road and around 50 minutes by train.

The population of Cambridge is in the region of 122,700, which is a rise of just over 14% in the last 10 years. Cambridge is also one of the largest educational centres in the UK, with over 30,000 students attending its 2 universities.

Cambridge had the second highest employment rate in the UK in 2014. It has seen a 12,400 increase in the number of jobs between 2004-13, just above national average. Nearly half of them were created in the private sector and around a third of positions were knowledge-intensive.

The wider Cambridgeshire region follows the same trend. This is a combination of excellent connectivity and companies locating to the area to get the pick of the student graduates.

The cost of residential property in Cambridge has risen by some 7.2% in the last 12 months and by a little over 34% in the last 5 years according to Zoopla. That means Cambridge property investment is ideal for you if you're looking for a popular and thriving area.

Cambridge has plenty of innovative projects underway for improvements to the area such as a £600,000 renovation of the central library and new schools in Trumpington. A major Wi-Fi network has recently been launched in Cambridge city centre, with over 100 local open spaces and public buildings being transformed into free Wi-Fi hotspots.

Whittle Avenue,

Cambridge,

Cambridgeshire,

England,

CB2 9BW

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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