8 Unit Block
GROSS RENT / YIELD
£81,060 / 3.9%
NET RENT / YIELD
£62,260 / 3.0%
NO OF UNITS
TOTAL SQ FT
PRICE SQ FT
The property was completed and built by Bovis Homes in 2014 and forms part of the wider Paragon in Great Kneighton scheme. The properties are part of Cambridge City Councils local plan for the release of extensive greenbelt land around Trumpington.
The property is a purpose builtblock of brick construction comprising eight flats arranged over ground and three upper floors beneath a flat roof. The building also has solar photovoltaic (PV) panels on the roof.
There is allocated parking located at the rear which can be accessed at the side of the car park on Fawcett road.
Unbroken purpose built block comprising:
Tenancies / Total Current Gross Rent
The building is currently let subject to Assured Shorthold Tenancies. The total current rent reserved is £81,060 per annum with two properties currently vacant.
Estimated Gross Rental Value
We believe that the total ERV of the building is approximately £108,240 per annum.
Offers in excess of £2,100,00 (Two Millon One Hundred Thousand Pounds) are invited for the block, subject to the existing tenancies, subject to contract.
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
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GROSS RENT PER ANNUM
GROSS RENTAL YIELD
NET RENT PER ANNUM
NET RENTAL YIELD
FULLY MANAGED OPERATING COSTS
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Profit & Growth
ANNUAL (PRE-TAX) PROFIT
Click to understand assumptions.
HPI GROWTH (PREV 5 YRS)
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.
The block is located in the village of Trumpington 2.9 miles to the South West of the city centre of Cambridge. Cambridge is a city renowned for its University, history and architecture. The city is one of the UK’s most popular tourist destinations, for both domestic and overseas visitors and is one of Europe’s leading technology hubs called Silicon Fen. Silicon Fen is closely associated to Cambridge University and contains approximately 1,500 companies employing over 50,000 people.
Cambridge has a total population of 124,900 and has a total catchment population of 560,000 people. It is one of the most affluent cities in the UK and has one of the UK’s lowest unemployment rates at 2.70%. Key employers include AstraZeneca who moved there headquarters to Cambridge in 2013 and employ 61,100 worldwide.
The properties are located in Trumpington on the outskirts of Cambridge on the south west side of the city bordering Chery Hinton to the east. The block itself faces Whittle Avenue in- between Fawcett Rd and Cornwell Road and to the east of Hobson’s Park. Trumpington is 59 miles (94km) North of London, 41 miles (65km) south of Peterborough and 48 miles (77km) East of Milton Keynes.
The property is 2.9 miles (4.6km) from the centre of Cambridge, 3.2 miles (5.1km) from Cambridge University and 2 miles (3.2km) from Cambridge rail station. Addenbrooke’s hospital, an internationally renowned research centre, is 1.2 miles (1.9km) away from the property.
Local attractions include the The Fitzwilliam Museum, Kings College Chapel, The River Cam and Cambridge University Botanic Gardens.
Cambridge has excellent road link connections being adjacent to the M11 which provides direct access to London and the A14 which provide access to the North of England.
The property is served by the Cambridgeshire Guided Busway known locally as The Busway connecting Cambridge, Huntington and St Ives. The Busway travels near the development and provides direct services to Addenbrooke’s Hospital, the Cambridge Biomedical Campus, and on to the City Centre.
Cambridge is Britain’s cycling capital with new cycle bridges, vast cycle parking schemes underway, and an outstanding cycleway to the countryside.
The area has excellent connectivity by rail and air, with direct access to Kings Cross and Liverpool Street by rail and London Stansted being 21.7 miles (35km).
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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