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Residential Investment, 24 Doddington Road, Chatteris, PE16 6AU

4,563 Sq Ft / Other / Residential

Withdrawn - Last updated: 18 March 2024

Freehold investment opportunity with a long-term income in Cambridgeshire.

The property is a detached 3,563 sq ft C2 Dwelling with a 1,000 sq ft outbuilding. The property is rented to an Ofsted registered supported living operator who is paying £48,000 per annum until 2041.

The tenancy commenced in April 2021 and ends in 2041 within the 1954 Landlord and Tenant Act.

There are rent reviews every 5 years of 2-4% and there is a break clause in August 2031.

The property is held in a separate SPV, so a prospective purchaser could purchase the company to save on SDLT.

Location

Situated on Doddington Road, Chatteris.

Accommodation

Size - 4,563 sq ft

Terms

Tenure - Freehold

Price - £750,000

EPC - C

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