Auction House London

Lot 146

Block of Apartments - Flats / Apartments 

3A, 3B, 3C and 3D Spiggots Close

Longstanton, Cambridge, Cambridgeshire, CB24 3EA

Withdrawn Prior to Auction

A Detached Property Subdivided into Three Flats. Subject to Various Tenancies Producing £41,760 per annum but with Potential to Produce Circa £118,000 per annum

Description

The property comprises a substantial detached property arranged as two self-contained flats, one maisonette and one flat subdivided into three further residential units.

Location

The property is situated in the village of Longstanton to the north of Cambridge. The open spaces of Longstantion Recreation Ground and Pavillion are within easy reach. Transport links are provided by the nearby A14 trunk road.

Exterior

The property benefits from gardens to front, side and rear with off street car parking. Apartment 3B has a balcony to the front.

Tenancy

The flats are either subject to various Assured Shorthold Tenancies or are let on a "per night" basis via Airbnb. The current occupancy rate for the Airbnb let flats is approximately 80% and the table below lists their average "per night" letting price.

Tenure (2nd Column)

Freehold

Viewing Details

Withdrawn

Addendum

Withdrawn

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
3A Ground Reception Room, Bedroom, Kitchen, Shower Room with WC & wash basin Let on a 12 month AST from September 2018 £900 pcm
3B Ground and First open plan Studio Room, Kitchen/Diner, Shower Room with WC & wash basin 12 Month AST from September 2016 (holding over) £800 pcm
3C First Reception Room, Two Bedrooms, Kitchen, Bathroom with WC & wash basin Vacant Vacant
3D Room1 Ground Studio Room with Kitchenette and Shower Room with WC & wash basin Airbnb £40 per night
3D Room 2 Ground Reception Room with Open Plan Kitchen, Bedroom, Bathroom with wash basin, Separate WC 6 Month AST from August 2018 £1,000 pcm
3D Room 3 Ground Studio Room, Kitchen/ Diner, Shower Room with WC & wash basin 6 Month AST from June 2016 (holding over) £780 pcm

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides 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 ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 3A, 3B, 3C and 3D Spiggots Close, Longstanton, Cambridge, Cambridgeshire, CB24 3EA

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