March, PE15 9LP | Investment Property for Sale | VES-PE15-001

Opportunity to purchase a 5-unit block in March, Cambridgeshire, which generates a net yield of 8.1%

£930,000

4-unit Block

VES-PE15-001

INITIAL INVESTMENT

£274,500

Based on

deposit: £232,500

stamp duty: £36,500

mortgage fees: £1,500

conveyancing fees: £4,000

GROSS RENT

£74,880

GROSS YIELD

8.1%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

4

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

4,171

PRICE SQ FT

£223

Block information

  • The block was converted to:
    • 2 x 3-bed apartments
    • 1 x 4-bed apartment
    • 1 x 6-bed townhouse with office
  • The property comes unfurnished and the tenant provides furnishings and white goods for the residents
  • EPC ratings: tbc
  • Council tax bands: tbc

Rental information

  • The property is fully let on a 5-year FRI lease ending in 2027 with the option to extend
  • The rent is guaranteed CPI linked
  • Monthly rental income: £6,240
  • Annual rental income: £74,800
  • The displayed gross rent and gross yield are reflecting the net amounts; we are unable to display net figures at present

Location information

  • The property is located in the centre of March
  • All local amenities and shops are just a short walk away
  • March railway station is around 1.2 miles from the property
  • There are bus stops a short walk from the property with regular services to the local areas

Note

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

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 March, Cambridgeshire

March is a market town in the Isle of Ely area of Cambridgeshire. It lies around 20 miles south-east of Peterborough, 30 miles north of Cambridge, 13.5 miles south of Wisbech and 18.5 miles north-east of Huntingdon.

The A141 goes past to the west of March connecting it to Guyhirn and Brampton Hut.

March railway station is on the Ely to Peterborough line. Regular CrossCountry train services run eastbound to Cambridge and Stanstead Airport and westbound to Peterborough, Leicester and Birmingham. Greater Anglia trains also stop at March and travel between Ipswich and Peterborough, whilst a few East Midlands Railway trains stop on their journey between Norwich and Liverpool Lime Street.

March museum is located on the High Street and showcases a vast amount of local memorabilia from the town and surrounding villages. The local High Street also offers a number of independent shops as well as household names. The Meadowland retail park outside of town offers further shopping opportunities. A regular market is held every Wednesday and Saturday on the market place with retailers such as a fish monger, jeweller, cheese maker, fruit & veg, butchers, florist & nursery and crafts.

The biggest employers in March are Whitemoor Prison, Tesco and Sainsbury’s, as well as a number of food processing factories in the surrounding area.

High Street,

March,

Cambridgeshire,

England,

PE15 9LP

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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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