15 bed Semi-detached House

£1,600,000

Park Lane, Newmarket, CB8

AVAILABLE
Property Description

SUMMARY
A rare opportunity to purchase a freehold block of 13 self contained 1 bedroom, 2 bedroom and studio apartments. Fully let producing an income of approximately £92,000 per annum.


DESCRIPTION
A rare opportunity to purchase a freehold block of 13 self contained 1 bedroom, 2 bedroom and studio apartments. Fully let producing an income of approximately £92,000 per annum, the property is situated on a residential road close to local shops and amenities. Transport links are provided by Newmarket railway station.

The Accommodation:


Flat 1
Ground floor one bedroom apartment, currently let at £650 pcm.

Flat 2
Ground floor studio apartment, currently let at £420 pcm.

Flat 3
Ground floor studio apartment, currently let at £500 pcm.

Flat 4
Ground floor two bedroom apartment, tenancy due to start 30/8/19 at £700 pcm.

Flat 5
Ground floor one bedroom apartment, currently let at £577pcm.

Flat 6
Ground floor studio apartment, currently let at £575 pcm.

Flat 7
First floor two bedroom apartment, currently let at £550 pcm.

Flat 8
First floor studio apartment, tenancy due to start 30/8/19 at £550 pcm.

Flat 9
First floor one bedroom apartment, currently let at £750 pcm.

Flat 10
First floor one bedroom apartment, currently let at £550 pcm.

Flat 11
First floor one bedroom apartment, tenancy due to start 30/8/19 at £650 pcm.

Flat 12
Second floor one bedroom apartment, tenancy due to start 30/8/19 at £575 pcm.

Flat 13
Second floor one bedroom apartment, currently let at £575 pcm.

Exterior
The property benefits from a communal garden, bike shed, bin store and 10 parking bays to rear.

Agents Note
The internal images show the condition of a typical apartment in the block.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

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Marketed By

William H Brown (Newmarket)

Wellington Street
Newmarket
Suffolk
CB8 0HT

01638 660633

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