About this property
Key Features
Long leasehold subject to tenancy
49 year long lease remaining
Gross rental income of £14,280 per annum
2 bedroom ground floor flat
Description
A chance to acquire a ground floor flat in a purpose-built development, in a popular north city location close to the train station and Science Park.
No.40 is found within the eastern block, of brick cavity construction beneath a pitched tiled roof, with direct access from the communal gardens.
The accommodation comprises: Entrance Porch; Entrance Hall with laminate floor, store cupboard; Sitting Room with square bay window to rear, double glazed window and door to rear courtyard garden; Kitchen with a range of modern MDF base and wall units with white doors and wood effect tops; Bedroom 1 with a range of fitted wardrobes; Bedroom 2; Shower Room with tiled walls and floor, white wc, wash hand basin, bidet and shower cubicle.
The gross internal floor area is approximately 58m² (623ft²)
The property benefits from a single allocated car parking space.
To the rear of the property is a small courtyard style garden area, whilst there are large areas of communal green space to the front and sides of the building.
Tenure
Long leasehold subject to tenancy
Location
Sherbourne Close is ideally located less than 2 miles from the city centre and just under a mile from the new Cambridge North railway station, whilst also within short walking distance from Cambridge Science Park. The Chesterton area has a good range of local facilities along with public transport links into the city centre.
Auctioneers Note
The property is owned on a long leasehold basis with a 99 year lease originating on the 1st January 1984. This means that there are only 49 years remaining on the lease and the property is therefore not currently suitable for mortgage lending purposes.
Lot Type
Residential
Tenancies
The property is currently let on an Assured Shorthold Tenancy basis. The annual gross rent is £14,280 per annum. The tenancy is now in the periodic stage.
The service charge is £93.93 per month.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Kate Spendiff at Thomson Webb and Corfield, 16 Union Road, Cambridge, CB2 1HE
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.�