King Street, Peterborough, Peterborough, PE1 1LT

Offers In Region of £1,800,000

777
Brochure

Key Information

Tenure:Not available
Council tax band:D
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

City Centre Location
Commercial Shop & 7 Brand New One Bedroom Apartments
Fantastic Investment
Finished To A High Standard
£123,200 Per Annum Income

Description

* 7 x One Bedroom Apartments * Annual Income £123,200 per annum * Fully Refurbished in 2022 * 5 Minutes from Peterborough Train Station *

Kingsgate is set over three floors: Ground level is currently leased to William H Brown, the first floor has 4 × 1 bedroom apartments and the top floor has 3 × 1 bedroom apartments. Combined Income of £123,200 per annum.

All seven apartments are spacious with modern fixtures and fittings throughout along with air conditioning units, and video monitoring access systems.

Location:
Kingsgate is a vibrant and bustling area in Peterborough city centre, with plenty of shops, restaurants, bars and entertainment venues all nearby. The train station is just a short walk away, providing easy access to destinations across the region. For those looking for some green space, Central Park is just a few minutes away and provides some tranquil surroundings for those moments of relaxation.

This is an exciting and rare opportunity to purchase an office building with seven brand new one bedroom apartments in the heart of Peterborough city centre. Don’t miss out – call us today to arrange a viewing.

Arrange Viewing

West Town Primary Academy
(0.4 miles)
Good
Number of pupils: 412
Age Range: 4 - 11
Bishop Creighton Academy
(0.41 miles)
Good
Number of pupils: 201
Age Range: 4 - 11
The Beeches Primary School
(0.41 miles)
Good
Number of pupils: 584
Age Range: 5 - 11
Richard Barnes Academy
(0.55 miles)
Number of pupils: 122
Age Range: 5 - 16
Brewster Avenue Infant School
(0.66 miles)
Good
Number of pupils: 221
Age Range: 3 - 7
The King's (The Cathedral) School
(0.66 miles)
Outstanding
Number of pupils: 1227
Age Range: 7 - 18
St Augustine's CofE (Voluntary Aided) Junior School
(0.67 miles)
Good
Number of pupils: 236
Age Range: 7 - 11
The Peterborough School
(0.75 miles)
Number of pupils: 600
Age Range: 4 - 20
Gladstone Primary Academy
(0.87 miles)
Requires Improvement
Number of pupils: 578
Age Range: 4 - 11
Lime Academy Abbotsmede
(0.89 miles)
Number of pupils: 428
Age Range: 3 - 11

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£9,470 /mo.25 Years, 5% Interest
Loan
£1,620,000
Total Repay
£2,841,108

Stamp Duty

You’ll have to pay the stamp duty of:
£127,250
0% up to £250,000
5% between £250,000 and £925,000
10% between £925,000 and £1,500,000
12% above £1,500,000
Your effective stamp duty rate is 7.07%
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