Fenland District Council, 2-3 Bridge Street, Wisbech, Wisbech, PE13 1AF

£4,500,000Freehold

Brochure

Key Information

Tenure:Freehold
Council tax band:Not available
Broadband:up to 80Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

2 x Commercial Dwellings
33 x 1 Bedroom Apartments
December 2024 Completion
Freehold Investment Opportunity
Fully Renovated With Modern Finishings
ICW Builders Warranty

Description

Presenting a unique freehold investment opportunity in a prime location, this property boasts 33x1 bedroom apartments and 2 commercial dwelling due to be finished December 2024. Each property has been refurbished to the highest standard, showcasing modern finishings and attention to detail throughout, with an ICW builders warranty in place, investors can rest assured of the quality of these fully renovated apartments

Whether you are an experienced investor looking to expand your portfolio or a newcomer seeking a solid entry into the rental market, this property offers both immediate rental returns and long-term potential for capital growth. Don't miss this opportunity to acquire a prized property with strong rental demand and promising prospects for the future.

Hudson Homes have a letter of intent from an existing client looking to lease the entire building on a 5 year lease for ÂŁ360,000 per annum

Floorplans and further details available on request, email lewis@hudson-homes.co.uk

Arrange Viewing

Cambian Wisbech School
(0.08 miles)
Good
Number of pupils: 40
Age Range: 7 - 17
Olive Ap Academy - Nene Valley
(0.18 miles)
Number of pupils: 28
Age Range: 11 - 16
Wisbech Grammar School
(0.27 miles)
Number of pupils: 890
Age Range: 2 - 19
The Nene Infant & Nursery School
(0.32 miles)
Requires Improvement
Number of pupils: 233
Age Range: 4 - 7
On Track Education Centre
(0.44 miles)
Good
Number of pupils: 19
Age Range: 11 - 18
Peckover Primary School
(0.49 miles)
Number of pupils: 432
Age Range: 3 - 11
Elm Road Primary School
(0.51 miles)
Good
Number of pupils: 203
Age Range: 4 - 11
Ramnoth Junior School
(0.51 miles)
Inadequate
Number of pupils: 279
Age Range: 7 - 11
Thomas Clarkson Academy
(0.72 miles)
Good
Number of pupils: 1247
Age Range: 11 - 18
Clarkson Infants School
(0.75 miles)
Good
Number of pupils: 209
Age Range: 2 - 7

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ23,676 /mo.25 Years, 5% Interest
Loan
ÂŁ4,050,000
Total Repay
ÂŁ7,102,769

Stamp Duty

You’ll have to pay the stamp duty of:
ÂŁ451,250
0% up to ÂŁ250,000
5% between ÂŁ250,000 and ÂŁ925,000
10% between ÂŁ925,000 and ÂŁ1,500,000
12% above ÂŁ1,500,000
Your effective stamp duty rate is 10.03%
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