An excellent opportunity to acquire a self-contained freehold three storey prime residential block in a well established residential area within the new Hampton development to the south west of Peterborough City Centre. The property was constructed around 2015 / 2016 and comprises 15 self contained flats over ground and two upper floors. Each floor provides two x 1 bedroom flats of 460 sq ft each and three x 2 bedroom flats of 568 sq ft each, accessed off communal lobby and corridor areas. Externally there is a self contained gated car park offering 1 parking space per flat, 15 in total. The current income on reletting one of the flats which is currently vacant, will be £150,120 per annum exclusive. The flats are fitted to a good standard and in overall terms the block and site are well maintained, managed locally.