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12 bedroom detached house for sale

Garden Walk, Cambridge

Offers in Region of £2,750,000

Property Description

Key features

  • Residential Investment
  • 12 Individual Apartments
  • Detached Property
  • Freehold
  • Well Appointed Accommodation
  • Popular City Location
  • Circa 4.8% Gross Yield
  • Off Street Private Car Parking

Full description

A residential investment opportunity located close to the centre of the city within easy walking distance of the River Cam and Jesus Green comprising a detached Victorian house with modern extensions to now offer twelve self contained apartments with communal car parking area and brick built storage shed. The current rent is in the region of £132,500 per annum (when fully let) and all (bar the two currently vacant) units are let on AST agreements. The property is for sale as a whole freehold and with no onward chain.

Location -

Apartment 1 - A ground floor unit with a large bay window in the living room with a fitted kitchen area, double bedroom and en-suite shower room. Current Rent £850pcm.

Apartment 2 - A ground floor apartment with a private access from the rear of the property leading to a living room with fitted kitchen area, double bedroom with an en suite shower room. Current Rent £860pcm.

Apartment 3 - A ground floor apartment with a private access leading to the kitchen, there is also a separate living room, double bedroom and an en suite shower room. Currently Vacant.

Apartment 4 - A ground floor apartment an open plan living room with kitchen area featuring a bay window to the front, double bedroom with an en suite shower room.
Current Rent £850pcm.

Apartment 5 - A first floor apartment with a living room and fitted kitchen area, double bedroom with an en suite shower room. Current Rent - Current Rent £1000pcm.

Apartment 5B - A first floor apartment with a living room and fitted kitchen area, double bedroom with an en suite shower room. Current Rent £850pcm.

Apartment 6 - A first floor apartment with an open plan living room with fitted kitchen area, double bedroom with en suite shower room and a separate second bedroom/study. Current Rent - Company Let at £2,700 per quarter.

Apartment 7 - A second floor apartment with a living room and fitted kitchen area, double bedroom with an en suite shower room. Current Rent - Current Rent £1000pcm.

Apartment 8 - A first floor apartment with a living room and fitted kitchen area, double bedroom with an en suite shower room. Current Rent £895pcm.

23A Garden Walk - A recently built duplex unit to the rear of the existing property comprising on the ground floor a large open plan living area with kitchen and ground floor shower room, there is a galleried first floor bedroom area with Velux roof lights. Current Rent £1,100pcm.

23B Garden Walk - A recently built duplex unit to the rear of the existing property comprising on the ground floor a large open plan living area with kitchen and ground floor shower room, there is a galleried first floor bedroom area with Velux roof lights. Current Rent £1000pcm.

23C Garden Walk - A recently built duplex unit to the rear of the existing property comprising on the ground floor a large open plan living area with kitchen and ground floor shower room, there is a galleried first floor bedroom area with Velux roof lights. Application currently underway at a passing rent of £1,050pcm.

Outside - The property sits set back from the road with driveway to the large graveled car parking area at the rear with bike racks and a brick built storage shed at the rear of the plot.

Rental Income - The property is currently set up as 12 individual apartments all let on AST agreements and producing a current rent of £9,355 per calendar month. There are at the moment two vacant units No.'s 3 & 5. The expected rent when full per annum would be expected to be in the region of £132,500.

Additional Information - TENURE - Freehold
POSTCODE - CB4 3EW
COUNCIL TAX - Individual Tax Bands TBC.
SERVICES - All mains services are believed to be connected to the property.
LOCAL AUTHORITY - Cambridge City Council
FIXTURES & FITTINGS - Unless specifically mentioned in these particulars all fixtures and fittings are expressly excluded from the sale
VIEWINGS - Strictly through the vendors selling agents 01223 246262


More information from this agent

Listing History

Added on Rightmove:
30 November 2016

Floorplans

Map & Street View

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