About this property
Key Features
Freehold Subject to Assured Shorthold Tenancies
Good town centre location
Potential rental income £18,804 p/a
Substantial 2 storey building divided into 4 self-contained flats
Description
A wonderful opportunity to purchase a substantial investment property with good income potential & history of long term tenants. The building contains 4 self-contained flats with accommodation arranged as follows:
Ground Floor
2 - Entrance Hall; Lounge/Bedroom Area; Kitchen; Rear Lobby; Shower Room with shower cubicle, wash hand basin; Cloakroom with WC.
4 - Entrance Hall; Lounge/Bedroom/Kitchen Area; Shower Room with WC, wash hand basin, shower cubicle.
4a - Access via communal entrance hall to left of building; Lounge/Bedroom Area, Patio door to private garden; Kitchen; Bathroom with bath and overhead shower, wash hand basin, WC.
First Floor
6 - Access via communal entrance hall (with landlord's store) shared with 4a giving access to; Living Room; Kitchen; Bedroom; Hall; Bathroom with 3 piece suite with WC, wash hand basin & bath with overhead shower.
There are 5 car parking spaces to the front & left side of the property. A single garage is currently vacant & offers further letting potential. To the rear there are 2 garden areas, one allocated to 4a.
EPC Ratings are D, E, E & D respectively.
Tenure
Freehold Subject to Assured Shorthold Tenancies.
Location
Littleport is a popular village with a range of local shops, facilities & services. A railway station provides direct travel to Cambridge, London Kings Cross & Ely.
Tenancies
Flats 2, 4 & 4a are let on assured short term tenancies, and the tenants of 2 & 4 have been in occupation for in excess of 10 years. The rents for the respective properties are £375, £302 & £395 pcm. Flat 6 is vacant, with an ERV of £495 pcm.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Ward Gethin Archer, Market Place, Ely, Cambridgeshire, CB7 4QN Ref: PH
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.�