About this property

Key features
  • Investment Opportunity
  • Significant Asset Management Opportunities
  • Development Potential STC
  • Current Rental Income £17,544 p.a.
  • Town Centre Location
Description
Centrally positioned in Soham town centre is this prominent large detached mixed use property fronting the High Street and Brook Dam Lane.

The property is of a traditional brick construction under a grey slate roof and comprises 14-16 High Street which is a ground floor restaurant with rooms above, 2 Brook Dam Lane which is a 3-bedroom house and 2A Brook Dam Lane which is a 1 bedroom suite, together with off street parking and enclosed yard.

With refurbishment and reconfiguration the property offers scope to extend the available residential accommodation and to increase income potential STC.

Centrally positioned in Soham town centre is this prominent large detached mixed use property fronting the High Street and Brook Dam Lane.

The property is of a traditional brick construction under a grey slate roof and comprises 14-16 High Street which is a ground floor restaurant with rooms above, 2 Brook Dam Lane which is a 3-bedroom house and 2A Brook Dam Lane which is a 1 bedroom suite, together with off street parking and enclosed yard.

With refurbishment and reconfiguration the property offers scope to extend the available residential accommodation and to increase income potential STC.

12-14 High Street Occupying a corner position with frontage to High Street and Brook Dam Lane is this resturant premises with rooms above offering scope for conversion to residential use STC.

Restaurant Comprising a commercial kitchen, bar, restaurant for 48 covers, cloak room, W.C.'s and a storage room / prep area.

First Floor - Rooms A staircase from the resturant kitchen leads to the first floor where there is a large landing area with 4 good sized rooms, bathroom and loft access.

The rooms are currently not utilised but offer scope for refurbishment and conversion to residential use subject to necessary consents and approvals.

2 Brook Dam Lane A 3-bedroom semi-detached house fronting Brook Dam Lane, Soham.

The accomodation comprises:

Ground Floor - Entrance Hall, Kitchen, Living Room, Storage Room, W.C.

First Floor - 3no. Bedrooms, Bathroom and Landing

2A Brook Dam Lane Situated behind 2 Brook Dam Lane is this 1-bedroom suite accessed via enclosed courtyard.

The accommodation comprises:

Ground Floor- Kitchen, Living Room, W.C. and Shower

First Floor- Bedroom with loft access

Yard To the rear of the building is a concrete paved yard with a brick storage building.

Car Parking Adjacent to the building is parking spaces for 2 vehicles with a further car parking space beyond.

Energy Performance Certificates 12-14 High Street (Commercial) - C (67)
2 Brook Dam Lane - C (70)
2A Brook Dam Lane - E (52)

Tax Bands 12-14 High Street - D
2 Brook Dam Lane - B
2A Brooke Dam Lane - Not Listed

Method of Sale The property is offered for sale by private treaty.

Tenure The property is being offered for sale freehold, subject to existing tenancy agreements:

The tenant of 12-14 High Street and 2a Brook Dam Lane is holding over on a lease under the Landlord and Tenant Act 1954 which expired in September 2024. The passing rent is £13,008 p.a.

2 Brook Dam Lane is let on an Assured Shorthold Tenancy. The passing rent is £378 per calendar month.

Local Authority East Cambridgeshire District Council, The Grange, Nutholt Lane, Ely, CB7 4EE.

Viewings Strictly by Appointment with the Selling Agent.

Contact: Katelyn Raven or Edward Tabner
t: (01353) 654900
e: katelyn.raven@cheffins.co.uk or
edward.tabner@cheffins.co.uk

25 Market Place,
Ely, Cambridgeshire,
CB7 4NP

What3Words ///sweeping.presides.vital

Postcode CB7 5HD

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25, Market Place, Ely, CB7 4NP, Cambridgeshire

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