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1-8 King St 2 Unit Apartment Building £1,800,000 (£900,000/Unit) 6.84% Net Initial Yield Peterborough PE1 1LT
INVESTMENT HIGHLIGHTS
- Fantastic Investment
- Finished To A High Standard
- £123,200 Per Annum Income
- City Centre Location
- Commercial Shop & 7 Brand New One Bedroom Apartments
EXECUTIVE SUMMARY
Kingsgate is set over three floors: Ground level is currently leased to William H Brown, the first floor has 4 × 1 bedroom apartments and the top floor has 3 × 1 bedroom apartments. Combined Income of £123,200 per annum.
All seven apartments are spacious with modern fixtures and fittings throughout along with air conditioning units, and video monitoring access systems.
All seven apartments are spacious with modern fixtures and fittings throughout along with air conditioning units, and video monitoring access systems.
PROPERTY FACTS
| Price | £1,800,000 | Property Subtype | Apartment |
| Price Per Unit | £900,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Costar Property Class | B |
| Yield | 6.84% | Total Plot Size | 0.10 ac |
| Tenure | Freehold | Property Size | 5,129 sq ft |
| No. Units | 2 | No. Floors | 3 |
| Property Type | Build-to-Rent | Year Built | 1900 |
| Price | £1,800,000 |
| Price Per Unit | £900,000 |
| Sale Type | Investment |
| Yield | 6.84% |
| Tenure | Freehold |
| No. Units | 2 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.10 ac |
| Property Size | 5,129 sq ft |
| No. Floors | 3 |
| Year Built | 1900 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 7 | - | - |
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1-8 | King St
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