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Primrose Street, Cambridge

£ 188,000



Are YOU Looking For YOUR Next INVESTMENT OPPORTUNITY? Then Look No Further! Here We Have a Fantastic Opportunity To Expand Your Investment Portfolio To Include A Third Floor Studio In A Purpose Built STUDENT Development Situated Within WALKING DISTANCE To The City Centre. With A Tenant Currently In Situ Until Mid-September You Would Be Achieving A STRONG Yield. The Studio And Estate Have Been Maintained To An EXCEPTIONAL Standard Since It Was Built In 2016.

Primrose Lodge Is a Purpose Built Student Development Which Has Been Benefiting The Students Of Anglia Ruskin University And University Of Cambridge Since 2016. The Development Is Exclusively For Students Of These Universities. There Is No Parking On Site As There Is An Internal Bike Store To Encourage Students To Cycle Or Walk However There Is Short Stay Parking Available Nearby. There Is A Secure Phone Entry System To The Development And Internal Post Boxes For Safe Delivery Of Mail. There Is Also CCTV And Security Ligh

Property summary

  • Bedrooms: 0
  • Bathrooms: 1
  • Property status: For Sale
  • Purpose Built Student Accommodation
  • Fantastic Investment Opportunity
  • Current Rental Income Of 700 PCM
  • Before Tax Yield Of 4.4%
  • Whole Estate Managed By Us
  • High Specification Studio On The Third Floor With
  • Separate Social And Study Areas For Tenants
  • Internal Bike Store & Communal Garden For Tena

Property details

Open Plan Lounge/Kitchen/Bedroom
The Open Plan Room Consists Of Plenty Of Space To Fit In A Bedroom, Lounge And Study Area. The Room Comprises A Double Fitted Wardrobe With Shelving Unit And Rail Inside, Double Sofa, Double Bed With Side Table And Lamp, Double Mattress, Tall Set Of Drawers, TV Unit, Desk With Lamp, Desk Chair, TV, Shelving Unit, TV Connection, Wireless Router And Roller Blind. Through The Arch Way Into The Kitchen The Room Comprises A Row Of Wall And Base High Gloss Units Housing An Integrated Fridge Freezer, Washer Dryer And 2 Ring Electric Hob, A Stand Alone Microwave, Stainless Steel Sink, Four Dining Chairs And Dining Table, Kettle, Wall Mounted Hoover And Sky Light With Fitted Velux Blind. The Room Is Finished To A High Standard And All Items Are In Very Good Order.

Shower Room
Located Off The Kitchen Area, The Shower Room Comprises Of A Walk In Shower Cubicle With Mains Fed Shower, Wash Basin Mounted In Vanity Unit, Toilet Backing Onto Base Units, Wall Mounted Heated Towel Rail, Wall Mounted Cupboard With Mirror, Shaver Point, A Row Of High Gloss Base Units And A Skylight With Fitted Velux Blind. The Room Is Finished To A High Standard And All Items Are In Very Good Order.

Additional Information
TENURE - Leasehold, 247 years remaining. Ground rent is 250 per annum. Service charge is currently set at 767.06 for 2019.
EPC - Band B (full certificate available on request).
COUNCIL TAX - Students can apply for exemption of council tax.
SERVICES - Mains electricity water and drainage services are believed to be connected to the property. Electric underfloor heating.
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 Cambridge office on 01223 352170.

These sale particulars do not constitute, nor constitute any part of an offer or contract. We have not carried out a structural survey nor tested any of the mains services, appliances or specific fittings.

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