The catalogue for Cheffins upcoming property auction on 6th March is now live and features an assortment of land, residential and commercial opportunities.
Amongst the varied lots is a rare opportunity to purchase a detached Mission Hall, believed to date from 1915, in the popular village of Kedington (Lot 7). The building is in need of updating and may lend itself to replacement, subject to planning, presenting a wonderful opportunity for a variety of buyers.
A detached Mission Hall for sale in the March property auction
Amongst the residential lots is a substantial Victorian town house in a popular Cambridge city location with flexible accommodation over four floors. The property is currently used as a licensed HMO and is in need of sympathetic improvement and updating (Lot 11 - guide price £600,000-£650,000). It presents an ideal opportunity for converting back into a family home, or as a buy-to-let investment, with a current annual income of almost £50,000. There is also the opportunity to purchase a pair of attached buildings in the village of Lode which is being sold as a single lot (Lot 12 - guide £450,000+). One is an existing residential dwelling whilst the other, known as The Guildhall, has previously been used as a commercial space. It has been granted planning permission for change of use to residential, offering buyers a unique opportunity to acquire and tailor the property to their needs.
A Victorian townhouse in Cambridge for sale in the March auction
Commercial lots in central Cambridge are always hard to come by, but the catalogue features two such opportunities. The first is a single storey building in the heart of Cambridge which was once used as a post office and may now be suitable for a variety of uses, subject to planning (Lot 2, guide price £125,000-£150,000). The second is a substantial premises for sale on Mill Road (Lot 3, guide price £225,000-£235,000) which was damaged by a fire in 2019; the building is in need of substantial refurbishment but gives buyers a rare chance to acquire such a building in this thriving part of the city. Elsewhere, there is also an opportunity to purchase a leasehold investment in a retail unit in Soham, Ely (Lot 8), currently producing a good rent as a ladies’ fashion boutique.
A leasehold investment opportunity at this boutique retail unit is available via the March property auction
Ian Kitson, Director at Cheffins, comments: “As ever, we have a wide range of lots at our upcoming auction, with opportunities for both investors and owner occupiers. Central Cambridge lots are always rare, and we are therefore excited to offer four such opportunities in this catalogue, which we hope will excite potential buyers. These sit within a catalogue that contains a variety of lots, spread across a wide geographical area, and therefore should offer something for most buyers.”
The property auction will take place at 2pm at Clifton House, 1-2 Clifton Road, Cambridge, on 6th March, with bidding available in the room and online.
Click here to view the catelogue, or for further information, contact the Cheffins Property Auction team on 01223 213343 / property.auctions@cheffins.co.uk