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Residential Investment Opportunity, Queens Court, Cambridge, CB1 8AQ

not specified / Other / Residential

For Sale - £30,000.00

Withdrawn - Last updated: 18 May 2020

Queen's Court is a collection of twelve apartments developed in 2008/09. The current passing ground rent per flat is £100.00. For the period from the date hereof until 31st May 2053 the sum of one hundred pounds (£100.00) per annum, from the 1st day of June 2053 until the 31st day of May 2103 the sum of three hundred pounds (£300) per annum and from the 1st day of June 2103 until the end of the term the sum  of five hundred (£500) per annum or such other sum as may become payable. The ground rent therefore:

2018-2053 - Rent Per Flat: £100, Total Rent: £1,200

2053-2103 - Rent Per Flat: £300, Total Rent: £3,600

2103-2128 - Rent Per Flat: £500, Total Rent: £6,000

( Agency Pilot Software Ref: 20009813 )

Location

Cambridge is a prosperous regional centre located approximately 53 miles to the north of London benefitting from a regular train service providing access to London Kings Cross in just 47 minutes.

The world renowned Cambridge University Hospitals NHS Foundation Trust (Addenbrooke's & Rosie) employing over 8,000 is within a 10 minute drive of the site.

Queen's Court is located 1 mile from Cambridge Central Train Station. It is also located a short 10 min walk from Cambridge Leisure Park.

Accommodation

12 Apartments

Terms

Price - Offers for the freehold are invited in excess of £30,000 which reflects a YP of 25. Interested parties are to contact the agents for further information.

VAT - To be confirmed.

Leases - The flats have been sold on 125 year leases from 16 July 2003.

EPC - Energy Performance Certificates available on request.

Specification

  • Offers in excess of £30,000
  • 12 Apartments
  • Passing ground rent £1,200 per annum
  • Rent review - Fixed increases

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £30,000.00 NA

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