Key Information
- 16 Residential and Industrial properties
- Fully Let - income £183,127 pa
- Price £2,750,000
- Price £2,750,000
- A mixed use Property Investment Portfolio in Syston, Hinckley and Peterborough with various industrial & residential assets.
- Price £2,750,000
Excellent opportunity to acquire a mixed-use investment portfolio within the East Midlands. Containing 16 properties that are fully let and producing a collective income of £183,127 per annum. All modern industrial and residential properties.
Location
Cubitt Way lies directly off Oundle Road, approximately 1.5 miles from Peterborough city centre. There is good accessibility via Oundle Road to the A1 at Nene Parkway, and a regular bus service into the city centre. Oban Drive is located to the east of Peterborough within a quite and peaceful residential area, 5 minutes drive to ferry Meadows and 10 minutes drive to the city centre and the train station. There are good bus links into the city centre and the property lies within a few minutes drive of the A1.
VAT
The industrial properties are elected for VAT, though this element of the transaction is likely to be treated as a Transfer of a Going Concern (TOGC), provided HMRC requirements are satisfied. The residential element will not attract VAT.
EPC
Available upon request.
Viewing
Viewings are by appointment with sole agents Innes England
Legal Costs
Each party is to bear their own legal costs incurred.