12 bed property for sale

Wharf Road, Peterborough PE2

Sometimes the real value of an investment lies not simply in the properties themselves, but in the time, experience and infrastructure already built around them. The Martins offers the opportunity to acquire an established portfolio of six modern apartments, which have been successfully operated as serviced accommodation for approximately seven years.

Occupying a convenient position just off Oundle Road in Peterborough, the portfolio is arranged across two modern, purpose-built blocks constructed in 2019. It provides a balanced collection of one, two and three-bedroom accommodation, appealing to a broad range of guests and potential tenants.

The portfolio comprises:

1 The Martins: Two-Bedroom Apartment

3 The Martins: Two-Bedroom Apartment

6 The Martins: Three-Bedroom, Two-Bathroom Apartment

139 Oundle Road: Two-Bedroom Apartment

141 Oundle Road: One-Bedroom Apartment

143 Oundle Road: Two-Bedroom Apartment

Each apartment has been finished to a good modern standard, with contemporary fixtures and fittings, well-planned accommodation and fitted kitchens incorporating integrated appliances. Every apartment also benefits from allocated parking and is held on a long leasehold basis, with approximately 141 years remaining.

The apartments at 139,141 and 143 Oundle Road have the additional advantage of their own private street entrances from Oundle Road, together with secondary access through the communal hallways from the development’s car park.

The six apartments have been successfully operated as serviced accommodation for approximately seven years, creating an unusual opportunity for an investor to acquire an established portfolio rather than starting with six unrelated properties. The combination of modern accommodation, allocated parking and a convenient location close to Peterborough city centre supports continued use as serviced accommodation, while also providing flexibility for alternative rental strategies, subject to any necessary consents.

The properties are held across four separate limited companies. A purchase may be structured through the acquisition of the shares in these companies rather than through conventional property transfers. Subject to the purchaser’s circumstances and independent professional advice, this structure may offer valuable tax efficiencies, including potentially lower transaction taxes than a direct property acquisition.

The companies are also understood to have accumulated Corporation Tax losses carried forward, which may be available to offset qualifying future profits generated within the respective companies. Their availability and value will depend upon the purchaser’s proposed structure, the continued operation of the businesses and the applicable tax rules. Purchasers must therefore obtain independent taxation and legal advice.

Much of the preparatory legal work for the proposed sale has already been completed, with the relevant documentation collated and ready for a purchaser’s professional advisers. This offers the opportunity to begin the due diligence process from a more advanced position than is typically possible with a portfolio of this nature.

Offered strictly as a complete portfolio, The Martins represents a rare opportunity to acquire six modern, purpose-built apartments with allocated parking, long remaining leases, an established operational history and a potential company acquisition structure already in place.

Further information regarding the companies, leases, service charges, ground rents and operational history is available upon application.

Location

The Martins occupies a convenient position just off Oundle Road, placing residents within easy reach of Peterborough city centre, the railway station and a broad range of shops, restaurants and everyday amenities. The area is well connected by road, with straightforward access to the A1 and surrounding employment centres, while nearby riverside walks and green spaces add a welcome lifestyle advantage. This combination of accessibility, local amenities and transport links has helped make the development well suited to serviced accommodation and longer-term rental demand.

Parking - Allocated Parking

One allocated space per property.