Huntingdon, PE29 3PF | Investment Property for Sale | VES-PE29-001

Opportunity to purchase a 14-unit block with freehold in Huntingdon

£3,000,000

14-unit Block

VES-PE29-001

INITIAL INVESTMENT

£855,500

Based on

deposit: £750,000

stamp duty: £90,000

mortgage fees: £1,500

conveyancing fees: £14,000

GROSS RENT

£145,080

GROSS YIELD

4.8%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

14

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

9,646

PRICE SQ FT

£311

Block information

  • Office to residential conversion
  • Comprises of:
    • 3 x 1-bed apartments
    • 11 x 2-bed apartments
  • Spread over x floors (xxx)
  • The block comes with 9 parking spaces
  • Secure cycling storage
  • EPC rating of B

Rental information

  • At the time of listing the block is fully let and generates:
    • Aggregate monthly rental income: £12,090
    • Aggregate annual rental income: £145,080
    • Aggregate gross yield: 4.8%
  • There is scope to increase the rents and the vendor believes the following is achievable:
    • Aggregate monthly rental income: £12,775
    • Aggregate annual rental income: £153,300
    • Aggregate gross yield: 5.1%

Location information

  • The property is located in the centre of Huntingdon
  • Huntingdon railway station can be reached within 15 minutes walk or a short drive
  • The property is also ideally located to join the road network for commuters

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

The floorplan is an example of a 2-bed apartment in this block. Layout and sizes will vary.

Floorplans

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.

About Huntingdon, Cambridgeshire

Huntingdon is a market town in Cambridgeshire in the East of England. It lies 20 miles north-west of Cambridge, 23 miles south of Peterborough and 40 miles west of Northampton.

The A141 runs to the north of the town connecting to the A1(M) and A14. Both Luton Airport and Stanstead Airport can be reached by car within a 45-mile journey.

Huntingdon railway station is on the East Coast Main Line and trains are operated by Great Northern and Thameslink. The Thameslink services run between Horsham and Peterborough via London Blackfriars and London St Pancras. The Great Northern service offers direct trains to London Kings Cross, with some trains taking less than 45 minutes.

In the town’s high street one can find many of the well-known brands as well as some independent stores. There is also plenty on offer for food lovers with a choice of cafes and restaurants. A weekly traditional market is held every Wednesday and Saturday.

Some of the places to see in Huntingdon are the George Hotel, once owned by Oliver Cromwells grandfather, All Saints Church, Cromwell Museum, Hinchingbrooke House, Houghton Mill and The Manor. For anyone interested in outdoor pursuits a visit to Hinchingbrooke Country Park, Grafham Water Park and Water Centre, Purvis Marine and Brampton Park Golf Club will offer plenty of walking, cycling and boating opportunities.

Education in Huntingdon is provided by six local primary schools, one special needs school, two secondary schools as well as Huntingdonshire Regional College, Hinchingbrooke School sixth-form college and St Peter’s sixth form.

St Mary's Street,

Huntingdon,

Cambridgeshire,

England,

PE29 3PF

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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.

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