Studio for sale

Manhattan Drive, Cambridge, Cambridgeshire CB4

Property Overview:

This well-presented studio apartment at Mayflower House, Manhattan Drive, Cambridge, offers an exceptional opportunity for investors. With tenants currently in place and a reliable income of £1,000 per month, the property generates a very attractive 6% yield. This apartment is part of a well-established development just north of the River Cam and is ideally located within easy reach of Cambridge's city centre.

Property Features:

Size: The apartment is approximately 272 square feet, offering a deceptively spacious living area for a studio apartment.

Location:
Situated on the top floor, the apartment is accessible by communal stairs or lift, providing ease of access and panoramic views of the surrounding landscape to the north of Cambridge.

Layout:
Upon entering, you are greeted by a small landing area, providing direct access to the kitchenette and the bathroom. The well-planned layout offers a clear distinction between the living space and practical areas of the apartment.

Kitchenette:
The separate kitchenette offers ample storage space, with both eye-level and waist-level cabinets.

Features include a stainless steel sink with hot and cold mixer taps, a draining board, a free-standing cooker with four-ring hob, an extractor hood, and space for a free-standing fridge/freezer.

Living/Bedroom Area:
The spacious living/bedroom area, measuring approximately 167 square feet, is flooded with natural light through a large rear-facing window, making the room feel open and airy.

It also benefits from a large built-in wardrobe, offering plenty of storage space for clothes and other essentials.

Bathroom:
The partially tiled bathroom is well-appointed, featuring a low-level W.C., a mid-level wash basin with separate hot and cold taps, and storage beneath.

A large vanity mirror is positioned above the sink, and the bath is equipped with a shower over it, making it functional and convenient for daily use.

Additional Features:
Views: Panoramic views of the surrounding landscape to the north of Cambridge enhance the appeal of the apartment, offering a tranquil setting away from the bustle of the city centre.

Parking:
The development benefits from shared resident parking on-site, making it highly convenient for owners and tenants.

Investment Potential:
The apartment's location, with proximity to the city centre and local amenities, makes it an attractive option for both short-term and long-term tenants. The £1,000 per month rental income provides a solid 6% yield, making it a secure investment.

Area and Location:

The property is ideally located just north of the River Cam, offering easy access to the historic heart of Cambridge. The city centre, with its array of shops, cafes, restaurants, and cultural landmarks, is just a short distance away, making this a highly desirable place to live for students, professionals, or anyone wanting to enjoy the vibrant atmosphere of one of the UK’s most famous cities.

Nearby, you will find various green spaces, local amenities, and excellent transport links. The development is well-connected to Cambridge’s bus and train networks, offering easy access to surrounding areas and further afield, such as London, via the train station.

Agent Note:

Council Tax Band: A

Lease Remaining: 141 Years

Service Charge: £2,100 per annum

Ground Rent: £250 per annum

Management Company: Midsummer Maintenance, The Estate Office, Midsummer Meadows, Cambridge, CB4 1JT

Viewing:
Given its quiet setting to the north of Cambridge city centre and its solid investment potential, we highly recommend scheduling a viewing to fully appreciate all this property has to offer.

Agents Note:

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £345.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.