About this property
Key Features
Leasehold with vacant possession
999 year lease from 1st Jan 2006
2 bedroom first floor flat
Description
An opportunity to acquire a well-located 2 bed flat, in the heart of the popular City of Ely, offering an ideal investment opportunity.
The property has been successfully let in the past, with the current ERV being £900 - £1,000 pcm.
The accommodation comprises:
Entrance Hall; Lounge with 2 double glazed windows, 2 radiators; Kitchen fitted with a range of matching units and complementary work surfaces, integral fridge/freezer, oven, hob and extractor hood, integral washing machine, cupboard with gas fired central heating boiler, radiator; Bedroom 1 with double glazed window, radiator; Bedroom 2 (L shaped) with radiator, built-in wardrobe, double glazed window; Bathroom with suite comprising low level WC, hand basin, panelled bath with shower over, radiator.
There is no parking with the property.
Council Tax Band: A
EPC Rating: C
Tenure
Leasehold with vacant possession
Auctioneers Note
The freeholder for the property is Freshwater Estates (UK) Ltd, Company number 03087994 - In liquidation - of Blenheim House, Newmarket Rd, Bury St Edmunds, Suffolk IP33 3SB.
The company went into liquidation in 2012 and the freehold remains within the assets of the company. The Hoist Management Company, see below, is in discussion with solicitors, Ashtons Legal LLP, acting for Freshwaters, as regards possible sale of the freehold to leaseholders.
The ground rent (£100pa) is collect by EWS Property Management (EWS Ltd), 8 Kings Court, Newcomen Way, Colchester CO4 9RA.
The day to day management of the building is undertaken by a company formed by the leaseholders, The Hoist Management Company Ltd, Company number 07204398, Registered office address: 17 The Hoist, The Vineyards, Ely, Cambridgeshire, CB7 4QG. See legal pack
Lot Type
Residential
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Helen Murphy at Barr Ellison, 39 Parkside, Cambridge, Cambridgeshire, CB1 1PN
Viewing
Cheffins Ely Residential 01353 654900
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�