• Fully tenanted investment portfolio
• 4.0% aggregate gross rental yield
• 153,180 aggregate rent per annum
• 38.4% HPI growth (last 5 years)
• Freehold (for entire block of 11 apartments)
• Video-entry phone access
• Fitted kitchen with integrated appliances
• Stone worktops
• Open plan kitchen/diner
• Master bedroom with en-suite
An opportunity to purchase an entire income generating residential apartment block with tenants in place in the university city of Cambridge. Further documentation available on our website www.vestaproperty .com.
The Paragon development is perfectly situated to commute to and from, located just off junction 11 of the M11 and only 2 miles from the centre of Cambridge. Cambridge Railway Station is also only a 10 min drive away offering frequent services to London's Liverpool Street and King's Cross Station as well as Stansted Airport.
The Guided Bus way which has a dedicated route away from other traffic, will give fast, reliable access to the heart of the city and the railway station. Cambridge Biomedical Campus and Addenbrooke's Hospital are located in close proximity to the apartment block. There are also a good choice of schools in the near vicinity, such as the Trumpington Park Primary School, Trumpington Community College and Rainbow Day Nursery all within 2 miles of the property. Furthermore, there are a few large corporations based nearby such as the pharmaceutical giant AstraZeneca, Marshall Aerospace and the Defence Group who collectively employ thousands of people in the local community. The combination of these factors makes this site an attractive and secure investment opportunity.
Apartment Block Overview:
* Total No. of Units: 11 x apartments (10 x 2 beds and 1 x 1 bed)
* Total price: 3,815,000 freehold block
* Aggregate rent: 12,880 pcm; 154,560 pa
* Tenancy types: ASTs
* Aggregate gross yield: 4.05%
Vesta ref no. VCB29BN-023; VCB29BW-024; VCB29BW-025; VCB29BW-026; VCB29BW-027; VCB29BW-028; VCB29BW-029; VCB29BW-030; VCB29BW-031; VCB29BW-032; VCB29BW-033
Please note that prospective buyers will be required to pay a fee of 900 per unit to Vesta upon acceptance of an offer on this property. The seller of the property will also pay a fee to Vesta.
Whittle Avenue, Cambridge CB2