For Sale By Auction | 14:00, 06 June 2019 | Lot 45

39 - 39C Clay Street, Soham, Ely, Cambridgeshire, CB7 5HJ

*Guide | £320,000 - £360,000 (plus fees)

  • Flat
  • 4 Bedrooms
  • Tenure: Freehold

Call the team on 01473 558 888 for more information

Auction Date

Thu 06/06/2019

Auction Time

14:00

Auction Venue

The Wolsey Room Holiday Inn, London Road, Ipswich, IP2 0UA

Viewing Times:

Wed 15 May

12:00-12:45

Tue 21 May

10:00-10:45

A high yielding freehold investment comprising 4 tenanted self contained flats

A substantial two storey dwelling which has been converted to provide four self contained one bedroom flats. The village of Soham offers a good range of amenities and is located 6 & 18 miles distant from the cities of Ely and Cambridge respectively with easy access to the A10 linking with the A14. The property, which benefits from double glazing, gas central heating and parking space for 4 cars to the rear, is fully let on ASTs as follows: Flat 39 - 6 month AST from 01-04-19 @ £600 pcm Flat 39a - Periodic AST @ £550 pcm Flat 39b - Periodic AST @ £550 pcm Flat 39c - Periodic AST @ £525 pcm Total Rent Reserved - £26,700 per annum With the overall annual return reflecting over 8% of the low Guide Price we believe this multi income stream investment warrants close attention.

Tenure

Freehold

Energy Efficiency Rating (EPC)

Current Rating D, E, D, D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

East Cambridgeshire District Council

Solicitors

Ward Gethin Archer, Market Place, Ely, CB7 4QN, Ref: John Thorogood, Tel: 01353 662203

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.