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    Key features

    • To be offered on Wednesday 28 February
    • Block of seven flats
    • 1 x studio, 3 x 1 bedroom and 3 x 2 bedrooms
    • Town centre location
    • Investment let at £66,240 per annum

    Description

    A substantial block of seven self-contained flats.

    Arranged as 1 x studio, 3 x 1 bedroom and 3 x 2 bedrooms.

    First come, first served parking available.

    Investment let at £66,240 per annum.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Seven self-contained flats (1 x studio, 3 x 1 bedroom and 3 x 2 bedrooms).

    Tenancy

    Flat 1 Market House - One Bedroom - Let on a 6 month Assured Shorthold Tenancy from 8th July 2023 for £750 per calendar month (Holding Over).

    Flat 2 Market House - Studio - Let on a 6 month Assured Shorthold Tenancy from 3rd July 2023 for £600 per calendar month (Holding Over).

    Flat 1 The Gallery - One Bedroom - Let on a 12 month Assured Shorthold Tenancy from 28th September 2022 for £900 per calendar month (Holding Over).

    Flat 2 The Gallery - One Bedroom - Let on a 12 month Assured Shorthold Tenancy from 30th June 2022 for £750 per calendar month (Holding Over).

    Flat 3 The Gallery - One Bedroom - Let on a 12 month Assured Shorthold Tenancy from 24th February 2022 for £725 per calendar month (Holding Over).

    Flat 4 The Gallery - Two Bedrooms - Let on a 12 month Assured Shorthold Tenancy from 19th August 2022 for £895 per calendar month (Holding Over).

    Flat 5 The Gallery - Two Bedrooms - Let on a 6 month Assured Shorthold Tenancy from 22nd September 2023 for £900 per calendar month.

    Notes

    Please note the property has not been internally inspected by Savills and the majority of marketing photos were prior to tenants occupation. Interested parties are to rely on their own investigations in this regard.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Newmarket is a market town in the county of Suffolk.

      Located to the north side of High Street.

      Newmarket town centre amenities are available on High Street and Exeter Road.

      Recreational amenities are available nearby at Memorial Gardens and the world famous Newmarket Racecourse.

      Transport

      Newmarket - Greateranglia.

      Legal documents

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      EPC rating

      The EPC rating for this property is C

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums