2 bedroom apartment for saleGeneva House, Park Road, Peterborough
- 700 sqft approx
- 60sqm approx
- 125 Year Lease
- 8.95% Return on capital
- 5.8% Gross Yield
Boasting a desirable location close to amenities, this stylish two bedroom apartment features modern, open-plan accommodation and an en suite master bedroom.
Geneva House - Geneva House, is a superb collection of contemporary city centre apartments, adjacent to Beales Departments Store and Queensgate shopping Centre. It is just 500 metres to Peterborough Station, giving access for commuters to Central London (Kings Cross) in just 45 minutes. Each apartment has been carefully thought out by the design team to maximise the effective use of light, space and functionality. The high quality fittings and attention to detail are evident throughout. All apartments exude luxury with bespoke high end German kitchens by Nieburg, SMEG appliances and bathrooms, are superbly appointed with Salgar vanity units and designer porcelain tiles.
Communal Area - The exterior of the building has had every window replaced with high end Aluminium windows that with their narrow frames maximise the natural light.
The communal areas have been designed to create an impressive entrance to owners and their guests. There is new modern lift and and a feature staircase to all floors. There is secure covered bike storage for owners.
Ready To Move In! - Everything has been thought of to ensure owners can enjoy their apartment from day one. From the wireless entry phone system allows remote access via your phone, to the internal wiring that means owners have all the infrastructure in place for phone, internet, cable or satellite tv. The developers wanted to create the genuine finished article for owners so there are bespoke built in wardrobes, all made to measure to every bedroom and items that are often extras like carpets are included as standard.
Entrance into the apartment is greeted with laminate flooring and oak doors and corridor leading to open plan kitchen/living area, two bedrooms, family bathroom and storage cupboard.
The open plan living area has thoughtfully been designed to allow for a kitchen area fitted with a matching range of base and eye level units built in kitchen appliances which include a SMEG oven and induction hob and slimline dishwasher.
The lounge area benefits from two windows to the side aspect overlooking the nearby churches
The double bedroom has a bespoke fitted wardrobe, fitted carpet, a door leading to the en-suite
The en-suite is fitted with a shower, salgar vanity units, heated towel rail, mirror and porcelain tiles.
The second bedroom is fitted with carpet and built in wardrobe with window to side aspect
The bathroom has a salgar or Hudson Reed vanity units complemented by Milan Basin and Bath Taps and Showers. Stylish Saneux I line WCs is fitted and the sleek porcelain and mosaic tiles complete a modern and impressive suite
Leasehold Details - The property has a brand new lease of 125 years.
The ground rent is £250 per annum
The service charge is £650 per annum
Investor Information - Based on a sale at £152.5k and potential rental income of £720pcm (please note that these figures are an illustration based on an average buy to let mortgage and deposit and actual costs may vary)
- 75% loan assuming standard BTL loan at 2.49% (interest only)
- Capital used £44,600 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £3,124 = 7.00% pre tax income on capital used (these assumptions include service and ground rent fees and on a managed serviced)
- Gross Yield - 5.43%
Belvoir Disclaimer - Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation. All measurements quoted are approximate. These Particulars do not constitute a contract or part of a contract
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