Sold
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