Ideal buy to let investment (potentially £850 pcm once refurbished) or first time buy
no onward chain
A centrally located second floor two bedroom apartment (in need of some refurbishment). The accommodation comprises (via communal entrance, stairs to second floor, landing with own door to flat) entrance hall, living / dining room, kitchen, bathroom with electric shower over bath and two bedrooms. The property benefits from replaced double glazed windows and gas central heating.
Kindly note that there are planned repairs to the roof of this building in the next couple of years with an estimated cost of £2,500 per flat as there isn't currently enough funds in the sinking fund.
The Situation: The property is bordering the St. Luke’s vicinity found by us to be most popular, situated on the “edge” of the Town Centre, thereby giving easy access to the main shopping facilities. The property also enjoys a position close to Sandford Park. Cheltenham General Hospital and Cheltenham College are also nearby whilst the Montpellier and Leckhampton districts are both around half a mile away only.
Directions: Leave Cheltenham Town Centre on the A46 Bath Road (heading South from “Sainsburys” end); pass Oriel Road on the right, and Cedar Court Road is the third turning on the left. The communal entrance to Flat 9 Cedar Court (front block) is found by making the first left turn in Cedar Court Road.
The accommodation
N.B: All measurements are approximate, for guidance only and given in imperial and metric. Room sizes should, therefore, be checked by proposed purchaser(s) for the purpose of ordering any carpets or other items where room sizes are critical.
Communal entrance with buzzer entry system and stairs to all floors.
Own front door from second floor landing into:
Entrance Hall:
Security entry phone, radiator and storage cupboard housing hot water tank, door into:-
Living / Dining Room:
Two double glazed windows, two radiators and door into:-
Kitchen:
Fitted with a basic old range of wall and base units with work surfaces over, stainless steel single drainer sink unit, space and plumbing for washing machine, space for free standing gas oven, wall mounted gas boiler, double glazed window and radiator.
Bedroom One:
Built in double wardrobe, double glazed window and radiator.
Bedroom Two:
Double glazed window and radiator.
Bathroom:
Suite comprising panelled bath with electric shower, shower pole and curtain over, wash hand basin, extractor fan, w.c. And radiator.
Tenure
Leasehold – 24 June 1979 – for a term of 999 years
Service charge - per quarter is c. £245.31 plus the quarterly reserve fund c.£60.25 so in total c.£305.56. - there are some works due in the next 24/48 months which may mean an increased maintenance charge to cover the expenses.
Ground rent – £0.50 per year
Management company – hml Group, 1 Manor Park Business Centre, Cheltenham, GL51 9TX – Tel: & Email:
The freeholder is Cedar Court (Cheltenham) Residents Association Limited of 94 Park Lane, Croydon, Surrey, CR0 1JB.
Services:
We are informed by the seller(s) that there is mains water, gas, electricity and drainage currently connected (to be confirmed).
Council Tax:
We are informed by Cheltenham Borough Council that the property is in Band ‘B’ - £1,412.95 (for 2020/2021).
All information subject to legal confirmation
Important Notice: Philip Pugh and Partners have not tested any apparatus/installations/ services and cannot vouch for their condition. We therefore strongly recommend that their condition is verified by prospective purchaser(s) through surveyors or solicitors.
Money laundering regulations:
To comply with money laundering regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer. We ask for your cooperation in order that there is no delay in agreeing the sale, should your offer be acceptable to the Seller(s).
Philip Pugh & Partners may offer to assist in arranging insurance or other products/services and/or mortgages and may be entitled to receive commission in respect of any services provided. It is your decision whether you choose to deal with a company or service we recommend to you. In making that decision, you should know that we may receive referral fees worth between £200 and £1500 per annum.
Viewing:
By appointment with the Sole Agents
Philip Pugh and Partners on 25 Bath Street, Cheltenham, GL50 1YA
