Montague Lodge 75 Montague Road Cambridge Cambridgeshire CB4 1BU

Montague Lodge
75 Montague Road
Cambridge
Cambridgeshire
CB4 1BU

  • Montague Lodge<br>75 Montague Road<br>Cambridge<br>Cambridgeshire<br>CB4 1BU

Freehold Student Accommodation Investment

  • Modern purpose built student accommodation building
  • 14 x single en-suite and 4 x twin en-suite rooms over 3 storeys
  • Let to Cambridge Arts & Sciences Ltd until 2027
  • 2022 break option not exercised
  • 2022 rent review remains outstanding
  • Well located 1.6 km (1 mile) north east of Cambridge City Centre
  • Cambridge is currently home to over 50,000 students
  • VAT Free Investment
  • Lot
    9
  • Auction
    15th February 2024
  • Rent
    £120,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,600,000
  • Sector
    Residential
  • Auction Venue
    Live Streamed Auction
Video of Property
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  • Photos
  • Map

* More information on the term "guide" can be found here

Property Information

Location
Miles
1 mile north of Cambridge city centre, 27 miles south of Peterborough, 47 miles north east of central London
Roads
M11, A14, A428, A11
Rail
Cambridge Railway Station, Cambridge North Railway Station, Cambridge South Railway Station (due to complete in 2025)
Air
London Stansted Airport, Cambridge City Airport
Situation

The property is located in Cambridge, a highly affluent and historic university city and is the county town of Cambridgeshire. The city is home to the world famous Cambridge University as well as Anglia Ruskin University with a combined total of over 50,000 students as well as being a popular tourist destination with its 31 colleges, River Cam and other notable and historic attractions.

The property is situated approximately 1 mile north east of Cambridge city centre with a prominent frontage to Elizabeth Way (A1134) at its junction with Montague Road.

Tenure

Freehold.

Location
Miles
1 mile north of Cambridge city centre, 27 miles south of Peterborough, 47 miles north east of central London
Roads
M11, A14, A428, A11
Rail
Cambridge Railway Station, Cambridge North Railway Station, Cambridge South Railway Station (due to complete in 2025)
Air
London Stansted Airport, Cambridge City Airport
Situation

The property is located in Cambridge, a highly affluent and historic university city and is the county town of Cambridgeshire. The city is home to the world famous Cambridge University as well as Anglia Ruskin University with a combined total of over 50,000 students as well as being a popular tourist destination with its 31 colleges, River Cam and other notable and historic attractions.

The property is situated approximately 1 mile north east of Cambridge city centre with a prominent frontage to Elizabeth Way (A1134) at its junction with Montague Road.

Tenure

Freehold.

Description

The property, a modern purpose built three storey student accommodation building providing a total of 22 beds, comprising 14 single en-suite rooms and 4 twin en-suite rooms together with a ground floor communal kitchen/dining area, a small garden and an approximate gross internal area of 486.63 sq. m. (5,238 sq. ft.).

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, a modern purpose built three storey student accommodation building providing a total of 22 beds, comprising 14 single en-suite rooms and 4 twin en-suite rooms together with a ground floor communal kitchen/dining area, a small garden and an approximate gross internal area of 486.63 sq. m. (5,238 sq. ft.).

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Approx Gross
Internal Floor Area
sq m
Approx Gross
Internal Floor Area
(sq. ft.)
Tenant Term Rent p.a.x. Rent Review
Ground/First/Second Student Accommodation
486.62
(5,238)
CAMBRIDGE ARTS & SCIENCES
LIMITED (on assignment from CAMBRIDGE EDUCATION GROUP LIMITED)
(1)
10 years from 13/12/2017
(2)
£120,000 (3)
13/12/2022
(4)
Total  
486.62
(5,238)
   
£120,000
 

(1) For the year ending 31/08/2022 Cambridge Arts & Sciences Ltd reported a Turnover of £16,061,000, a Pre-Tax Profit of £1,396,000 and a Net Worth of £16,713,000 (Source: Northrow 02/10/2023).
(2) The lease is subject to a schedule of condition.
(3) A rent deposit of £120,000 is held by the seller. Further details are available within the legal pack.
(4) The 13/12/2022 rent review remains outstanding.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    02.02.24
    File Size
    33 MB
    Login to View
  • Brochure
    Updated Date
    19.02.24
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
HCR Law 50-60 Station Road
Cambridge
Cambridgeshire
CB1 2JH
James Simpson +44 (0) 7769 217802jsimpson@hcrlaw.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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