About this property
Key Features
Long leasehold with vacant possession
Central location
In need of full refurbishment
Studio Flat
Description
A rare opportunity to purchase a ground floor studio flat in a desirable city location, which is in need of full internal refurbishment and is therefore likely to be of interest to investors and owner occupiers alike.
The property is found within a purpose-built block of 6 similar flats, understood to date from the 1980's, of brick construction beneath a pitched tiled roof.
The internal accommodation comprises:
Communal Entrance Hall which leads to the private entrance door to number 69; Living Room/Bedroom with fitted carpet, timber frame single glazed window; Kitchen with lino flooring, timber framed single glazed window and a range of old base and wall units and stainless steel sink; Shower Room with WC, wash hand basin and shower cubicle; Dressing/Storage area with fitted carpet and cupboard.
The gross internal floor area of the property is approximately 24m². EPC Rating D.
Outside, the flat benefits from an area of garden to the rear of the building.
The property is in need of full internal refurbishment and improvement which offers an enticing proposition for an investor or owner occupier.
Tenure
Leasehold with vacant possession
Location
The property is located in a residential cul-de-sac, less than a mile from the heart of Cambridge City centre. It is ideally located for the range of shops, facilities and services that exist in the Mill Road area of the town, as well as being within walking distance of the central train station.
Auctioneers Note
The property is held on a long leasehold basis with the original 120 year lease dating from October 1982, thereby having a balance of circa 81.5 years remaining.
It is understood the property is subject to a ground rent and service charge that totals circa £86 per annum.
Lot Type
Residential
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Jennifer Valentine at Ashtons Legal, The Long Barn, Fornham Business Court, Bury St Edmunds, IP31 1SL
Viewing
Cheffins Residential Department 01223 214214
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.�