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Peterborough – Fully let residential investment and development opportunity

Holdich Court, Holdich Street, Peterborough PE3 6DH

Offers in excess of £2,750,000

Property Types:
Development Opportunity, Residential
Tenure:
Freehold

Description

  • Freehold residential investment and development opportunity
  • Prominent site extending to approximately 0.635 ha (1.570 acres) comprising 5 purpose built buildings, large car park and extensive lawned gardens
  • 5 purpose built buildings; consisting of 28 x three bedroom apartments
  • Strong rental history
  • Approximately 50 car parking spaces
  • Opportunity to drive value through numerous asset management initiatives including rental increases, refurbishment and redevelopment
  • Located in close proximity to Peterborough City Centre and Train Station
  • Passing Gross Rent (inclusive of bills):  £313, 520 per annum
  • Gross Initial Yield:  11.40%
  • Net rental income (after utilities and council charges):  £250,428 per annum (financial year ending 2018)

Subject to contract