About this property
Key Features
Freehold
Potential for rental growth
Part let
4 Residential Flats
Description
An interesting residential investment opportunity being a Grade II Listed building dating from 1789 which has been converted into 4 separate flats. The property is of a brick construction under a clay pantile roof and has accommodation over three floors with flats 2 and 3 having accommodation of the first and second floors. Please see below table.
The property has historically maintained good occupancy rates with a number of the tenants renting for a number of years.
The property offers the opportunity to carry out improvement works and further enhance the rental income.
Each flat benefits from a gas fired central heating boiler.
Externally to the front and rear is a large area of garden, to the side is a communal parking area and detached brick building providing storage and garaging for 2 vehicles.
All flats are in Council Tax Band A
Tenure
Freehold subject to tenancies
Location
The property is located off Black Horse Lane in the centre of Chatteris, which is a popular fenland market town convenient for regional centres (Cambridge 25 miles, Peterborough 20 miles).
Wayleaves, Easements, Covenants and Rights of Way
The property is being sold with the benefit and subject to all existing rights of way, wayleaves and easements.
A right of way and parking is reserved for the benefit of 10 Black Horse Lane as shaded brown on the attached sale plan, please refer to the legal pack for details.
Lot Type
Residential
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Andrew Geddes of Bendall and Sons, 23, High Street, Newmarket, Suffolk, CB8 8LY
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.�
Accommodation
| Flat |
Floor Area sq m |
Bedrooms |
Rent PCM |
EPC Band |
|
|
|
|
|
| 1 G.F. |
65.33 |
2 |
£410 |
C (69) |
| 2 F.F. |
100.60 |
3 |
£400 |
D (64) |
| 3 F.F. |
77.16 |
2 |
Vacant |
D (68) |
| 4.G.F |
54.62 |
2 |
£500 |
D (63) |