About this property
Key Features
Freehold
Fully Let
Current Rental Income £43,500 per annum
8 Flats
Description
Situated just off Soham High Street in the heart of the town, the property comprises a two storey building which has been converted to provide 8 individual flats.
The property has historically maintained good occupancy rates with a number of the tenants having rented for many years.
The property offers opportunities to carry out improvement works and further enhance the rental income.
All flats are Council Tax Band A.
Tenure
Freehold subject to tenancy
Location
Soham is located just off the A142 between Ely and Newmarket. Road links are good with the A142 providing access to Ely to the north and to junction 37 of the A14, 5 miles to the south at Newmarket which interlinks well into the larger surrounding towns of Cambridge and Bury St Edmunds.
The new Soham train station was constructed and opened in December 2021, enhancing travel connections to Soham. The station is on the Ipswich to Ely line, thereby offering services to Ely, Peterborough, Bury St Edmunds, Ipswich amongst others.
The property is situated on Market Street, at the junction with Paddock Street adjacent to other residential properties.
Lot Type
Residential
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Andrew Davis, MCP Solicitors, Cage Lane, Thetford, Norfolk, IP24 2DT
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
| Address |
Tenant |
Rent pa |
Lease |
Comment |
|
|
|
|
|
| Flat |
Floor Area sq.m |
Bedrooms |
Rent PCM |
EPC Band |
| 23 |
41.7 |
2 |
£400 |
C (70) |
| 23a |
49.9 |
1 |
£375 |
G (17) |
| 25 |
41.6 |
1 |
£400 |
D (67) |
| 27 |
40.1 |
1 |
£500 |
D (63) |
| 29 |
38.5 |
1 |
£425 |
C (76) |
| 31 |
40.7 |
1 |
£450 |
E (52) |
| 33 |
48.3 |
1 |
£475 |
D (58) |
| 35 |
53.9 |
2 |
£600 |
F (37) |
| Total |
|
|
£3,625 |
|