A recently refurbished 2 bedroom first floor flat, located in a popular residential area close to Cherry Hinton village and park, providing a 15-minute cycle ride to the station and with easy access to Addenbrookes, the South Cambridge science and technology parks, and Granta Research and Science Park at Great Abington. Ideal letting investment with a passing rent of £1,150 PCM, gross yield 6.27% PAX or owner occupation, subject to notice being served on the tenant to vacate. A Section 42 notice has been served on the freeholder and an additional 90 years will be added to the lease prior to completion, totaling 179 years remaining.
Auction date
To be sold by online auction on Friday 28th July 2023 with a 8 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
* Good access to Cambridge City centre * Mainline rail service from Cambridge Station to London King's Cross and Liverpool Street * M11 access at junction 11
Description
* First floor flat * 2 bedrooms * Recently refurbished
Accommodation
Entrance hall, living room, kitchen, 2 bedrooms, bathroom, WC and store room
Outside
Residents off road parking
EPC rating
D
Tenure
Leasehold with tenant in situ
Lease
Term: from 27 April 1992 to 27 March 2113 - 89 years remaining. A Section 42 notice has been served on the freeholder and an additional 90 years will be added to the lease prior to completion, totaling 179 years remaining.
Tenancies
Let on an AST from 08.10.22 for 6 months at £1150 PCM. Thereafter the Tenancy shall become a statutory periodic Tenancy in accordance with Section 5 (2) of the Housing Act 1988 and shall terminate upon either party serving the other the required statutory notice. Notice can be served prior to completion, if required.
Ground rent and service charge
Please see legal pack for further details. A quarterly service charge of £118.84 is payable to Cambridge City Council. Ground rent £10 PAX.
Council tax band
B - Cambridge City Council
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.
* 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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If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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