The catalogue for Cheffins' upcoming property auction on 12th June is now live and features an interesting array of land, small holding, residential and commercial opportunities throughout Cambridgeshire, Norfolk and Suffolk.
Land opportunities range from a small parcel (0.14 acres) of grassland in Garvestone, Norwich (Lot 1) to 22.03 acres (Lot 5) of arable and grassland located in Witchford, Ely. The arable land has been cropped with Winter Wheat for the 2021 and 2022 harvest, fallow 2023 and triticale 2024 and is ideal for someone wanting to extend their portfolio. There is also the rare chance to acquire 0.04 acres of primary amenity land fronting Newmarket Road in Cambridge (Lot 6), part of an identified ‘Opportunity Area’ offering excellent investment potential.
Arable and grassland located in Witchford, Ely, set to go under the hammer in Cheffins June auction
Amongst the varied residential lots is Whitehouse Farm, Flixton, Suffolk (Lot 14 – guide price £300,000-£350,000), a large, detached farmhouse owned by Suffolk County Council and previously occupied as part of a council farm. It is being sold with 1.48 acres and includes a detached brick barn. The farmhouse has been latterly configured to form a main house and adjoining cottage which interconnects at first floor level. Dating back to the 1800s and with character details, it is understood that the property is not listed, giving buyers a wonderful opportunity to reconfigure the building to their own taste and layout.
Whitehouse Farm, Flixton, Suffolk - a wonderful renovation opportunity
There are also several residential lots ideal for investors, including a Grade II Listed building in Chatteris, Cambs (Lot 15, guide price £400,000), which has been converted into four flats and has historically maintained good occupancy rates with long-term tenants, as well as a current multi-let five-bed premises and separate one-bed flat in Littleport, Ely (Lot 18, guide price £200,000).
The commercial lots include an array of retail and office space. Of note is a mixed-use high street premises in Sawston (Lot 11) which comprises a fully-let three storey building including a ground floor retail unit currently trading as a salon and four residential flats, producing a generous income. With a guide price of £525,000-£550,000, it is an ideal investment in this popular location.
A mixed-use high street premises in Sawston (Lot 11), for sale in the June auction
The range of office space going under the hammer includes an unusual opportunity to acquire a substantial vacant office building in the attractive village of Toft, Cambridgeshire. Originally semi-detached cottages, it has been converted and extended to provide cellular office space (Lot 9 - gross internal floor area 3,895 sq ft) and has a lawned area to the front and parking to the rear. Its guide price is £275,000-£300,000.
Ian Kitson, Director at Cheffins, comments: “Whether a buy-to let investor, commercial landlord or owner-occupier looking for a renovation project, there really is something for everyone in our forthcoming auction. There seems a growing momentum in the property market, helped by some recent lowering of mortgage rates, and it appears that buyers are therefore keen to purchase assets of all types due to the more positive outlook on the horizon.”
The property auction will take place on 12th June, with bidding available in the room and online. Click here to view the catalogue.
For further information, contact Cheffins Property Auction team on 01223 213343, property.auctions@cheffins.co.uk