A second floor modern 2 bedroom 2 bathroom apartment with allocated parking, located in the popular development of Glenalmond Avenue close to the mainline station with good access to Cambridge town centre. Ideal for owner occupation or letting investment with an estimated rent of £1,650 PCM, gross yield 6.82% PAX. CASH BUYERS ONLY - The remediation of cladding on buildings in excess of 18 metres in height will be funded by the original developer, please see legal pack for further details.
Auction date
To be sold by online auction on Friday 28th April 2023 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* Close to local schools, university and amenities * Good access to Cambridge town centre * Walking distance to mainline rail service to London King's Cross and Liverpool Street
Description
* Second floor apartment * 2 bedroom 2 bathroom * Excellent condition
Accommodation
Entrance hall, living room, kitchen, 2 bedrooms, bathroom and en suite
Outside
Communal gardens and allocated parking
EPC rating
B
Tenure
Leasehold with vacant possession on completion
Lease
990 years less 10 days from 29 June 2007 - 974 years remaining.
Ground rent and service charge
Approximately £350 PAX ground rent, £1,800 PAX service charge. Please see legal pack for further details.
EWS1 Surveys & Certification
The remediation of cladding on buildings in excess of 18 metres in height will continue, funded by the original developer. Negotiations on this matter have led to Crest Nicholson agreeing that KCMC may retain their current consultants and contractor, independent from the developer themselves. Some works may require up-front consultants costs to the service charge, however we understand that all further fees will be recoverable. Phase Two of the cladding remediation project will begin to progress (11-18 metre buildings) in conjunction with the independent consultants that have been selected by KCMC. Following their developer pledge, this will be conducted alongside the original developer to ensure minimal financial impact to leaseholders and residents alike, wherever possible. Any future works will be specified in line with the FRAEW appraisals that will be conducted by Crest Nicholson. All assessments will be in accordance with the updated PAS9980 guidance. Please see legal pack for further details.
Council tax band
D - Cambridge
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of Her Majesty’s Stationery Office @ Crown copyright. All rights reserved, Licence no: 100020449.
* 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.
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