Park House, 117 park Road, Peterborough, PE1

BRAND NEW DEVELOPMENT

Park House, 117 park Road, Peterborough, PE1

PRICE ON APPLICATION

LOCATION

Park House is a brand new residential development located on one of the most desirable residential streets in Central Peterborough, the UK’s fastest growing city and a commuter hotspot with direct trains into Central London taking 50 minutes.

DESCRIPTION

The development comprises 24 one-bedroom apartments over three floors (ground, first and second) with a lift to all floors and an allocated parking space for every apartment.

14 apartments remain available and open to offers.

Ground Rent is £200/pa doubling every 25 years (equivalent to 2.8 pa which is below RPI).

Service charge is between £600 – £700/pa subject to apartment size.

The building is covered by a 10-year structural warranty insurance.

250 year lease.

Please find attached a schedule of accommodation showing apartment sizes, local retail pricing and estimated rental returns.

The link above will take you to the Google Street View of the undeveloped site (as seen in 2016) which comprises an attractive brick-built office building which has now been converted to 24 apartments.

Any offer must be on the basis of exchange of contracts within 14 days (with a 10 deposit payable) and completion on or before 14 April 2018.

The following information should be contained within any proposal/offer;

• Identity and background of the purchaser
• Number of apartments to be purchased
• Purchase price
• Proof of funding for the full purchase price
• Identity of purchaser’s solicitor
• Any relevant supporting information