Alma Road, Peterborough, Cambridgeshire, PE1 3AW

Property Summary

This property is to be offered for sale by PROPERTY SOLVERS ONLINE CONDITIONAL AUCTION (56-DAY EXCHANGE/COMPLETION).

Bidding opens on the 24th of April at 12:00 and closes on the of 30th of April at 12:00 with a GUIDE PRICE of £350,000.

Property Solvers Online Auctions presents this exceptional development opportunity measuring 6,845 sq ft with three income-producing houses located in the highly sought-after Alma Road, Peterborough, Cambridgeshire.

Presenting an exceptional development opportunity on Alma Road, Peterborough, Cambridgeshire, PE1 3AW - a prime site spanning 6,845 square feet. With a generous land area, the site is well-suited for a variety of residential or mixed-use developments, offering immense potential for a lucrative investment (previous plans for the development of 6 flats can be forwarded upon request).

Adding immediate value, the site already includes three income-generating properties, all fully tenanted and providing a combined rental income of £3,000 per month: 4 Alma Road (2 Bed, 1 Bath, 629 sq. ft.), 4A Alma Road (3 Bed, 1 Bath, 923 sq. ft.), and 6 Alma Road (4 Bed, 1 Bath, 856 sq. ft.). These existing properties potentially offer buyers a steady revenue stream while planning and executing future developments. Alternatively, the site can be sold with vacant possession.

This is a rare chance to acquire a well-positioned site with significant development potential in one of Cambridgeshire's thriving locations. Alma Road provides easy access to Peterborough's city centre, making it an attractive location for future residents or businesses. With strong demand for housing and commercial spaces in the area, this development site offers a fantastic opportunity to capitalise on the region's growth and increasing property values.

Don’t miss out! Contact us today for further details and to truly appreciate the full potential of this site we highly encourage you to book a viewing.

More Information

The Property Solvers Auctions enquiry line is open 24/7 and we're happy to answer any questions.

56-day unconditional auction terms + conditions, AML requirements and fees are available on our website (Google "Property Solvers Auctions" and select "Auction Property for Sale" in the navigation).

The preliminary legal pack can be viewed directly via the auction listing itself. Property Solvers will update the legal pack and inform all parties that express interest in bidding.

For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.

Viewings and Open Days

Viewings are available 7 days a week (including evenings where required).

Notice to Bidders

Please be aware that if your bid is successful on auction day, the Reservation and Processing Fees of £2,550.00 will be taken immediately (if 2% of the price is due, additional funds will be taken over the phone). Exchange of contracts must happen after 28 days with the 10% deposit paid.Completion must subsequently happen within the following 28 days.

As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license). For a full list of requirements please see the legal pack documents.

Buyer Reservation Fee

A 2% + VAT (non-refundable) fee (subject to a minimum of £2,000 + VAT) plus a £125 + VAT processing fee will be due from the winning bidder.

Guide and Reserve Prices

Generally speaking, guide prices are provided as an indication of each seller's minimum expectation, i.e. 'the reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction.

Virtually every property will be offered subject to a reserve (a figure below which the auctioneer cannot sell the property during the auction) which we expect will be set within the guide range or no more than 10% above a single figure guide price.