Property for sale

Crown Street, Peterborough PE1

Summary
*** Current Revenue approx £66,000 ***

Crown Street, Peterborough offers a rare combination of secure existing income and tangible development potential. The fully let residential block generates £66,000 per annum while the extensive rear land provides a clear route to future capital growth.

Description
The property comprises five adjoining residential houses combined under a single ownership, all of which are fully let, producing a current gross annual income of approximately £66,000pa - such as the properties although 5 terraced buildings comprise of 6 x 1 bedroom apartments and 2 x 3 bedroom houses. Crown Street presents a compelling mixed investment and development opportunity in a well-established residential location within Peterborough. In addition to the stabilised rental income, the asset benefits from a substantial parcel of land extending to approximately 1/3 of an acre to the rear, offering clear medium-term development potential. The site has previously benefited from planning consent for four additional dwellings, making it particularly attractive to investors and developers seeking both income and value-add upside.

Development Land & Planning History with approximately 1/3 acre of land located to the rear of the existing houses
Previous planning approval granted for:
O 2 × two-bedroom bungalows
o 2 × three-bedroom houses
o Planning history indicates established residential acceptability, reducing planning risk for future schemes
o Scope to re-apply or revise planning (subject to consents) to reflect current market demand

21 Crown St Epc Rating D

21a Crown St Epc Rating D

23 Crown St Epc Rating C

23a Crown St Epc Rating E

25 Crown St Epc Rating D

25a Crown St Epc Rating C

27 Crown St Epc Rating D

29 Crown St Epc Rating D

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. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
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.