About this property
Key Features
Long leasehold with vacant possession
Allocated Parking
Communal Gardens
First floor studio appartment
Description
A wonderful opportunity to purchase a 1 bed studio apartment set within a popular residential development approximately 1.5miles from Addenbrookes in the heart of Cherry Hinton.
The property was constructed in the 1990's of brick construction beneath a pitched roof. A communal Entrance Hall provides access to each apartment within the block. 178 occupies a position on the first floor.
The studio flat has windows overlooking the front of the building, along with a Kitchen area that benefits from dual aspect windows and a range of fitted units. Furthermore, there is an inner Lobby with built-in storage and a Bathroom with white suite comprising wc, wash hand basin and panelled bath with shower over.
The gross internal floor area of the property is approximately 24m² (263ft²).
Outside - the property benefits from communal gardens. No.178 has an allocated parking space for 1 vehicle, with additional visitor parking spaces elsewhere on site.
The studio flat offers an ideal opportunity for first time buyers or investors. The flat has been successfully let for a number of years, most recently at a rent of £850 per calendar month, but it is considered that it could now achieve in excess of £900pcm.
EPC rating: C (77). Council Tax Band: A
Tenure
Long leasehold with vacant possession
Location
Lucerne Close is a purpose-built development within the heart of the popular village of Cherry Hinton, close to Cambridge. Cherry Hinton offers a wide range of shops, facilities and services, with regular public transport links to Cambridge City centre (approximately 2 miles to the west) and is just a short walk from the ARM campus.
Auctioneers Note
The property is sold on a long leasehold basis with approximately 93 years remaining on the lease. It is understood that the ground rent is £30 pa with a service charge of £1,595.36 pa.
Lot Type
Residential
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Kate Bannon at Bower and Bailey, Cambridge House, 4 College Court, Regent Circus, Swindon, SN1 1PJ
Viewing
Cheffins Property Auction Dept 01223 213777
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.�