Guide price
16 bedroom flat

Frank's Lane, Cambridge

  • 16 bedrooms
  • 8 bathrooms

About the property

Key Features

  • Sale by Modern Auction (T apply)
  • Subject to an undisclosed Reserve Price
  • Buyers fees apply
  • 8 x 2 Bedroom Apartments
  • Freehold for a further 8 apartments
  • Car Park
  • Excellent Location for transport Links
  • Expected rental of £1200 to £1300 pcm per unit

Council Tax Band: C

Tenure: Freehold

A unique opportunity to acquire eight 2 bedroom apartments with additional freehold and car park, located in the Chesterton area of Cambridge. Less than half a mile from Cambridge North station and the Science Park and approximately one and a half miles from the city centre.

CALLING ALL INVESTORS: A fabulous opportunity to acquire two blocks of apartments comprising of a total of eight 2 bedroom units, with the freehold for additional units and car park. Each individual apartment is expected to achieve a monthly rent of between £1200 and £1300 pcm. In addition to this there is the ground rent income from the additional 8 units. Call us today for more information.

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Train stations

Cambridge Rail Station (2.0) miles

Waterbeach Rail Station (3.4) miles

Shelford (Cambs) Rail Station (5.1) miles

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