About this property
Key Features
Long leasehold
Total current income of £45,480 pa
Mixed use offices and residential accommodation
Multi-let investment property
Description
Opportunity to purchase a well-let investment property comprising two buildings in the centre of the popular village of Cambourne, 9 miles west of Cambridge. The structures are held under two separate titles and known as 1 and 3 De La Warr Way.
1 De La Warr Way comprises a three storey building, originally constructed as a live/work unit, but now all classified under B1 Use Class, providing office accommodation over each floor, with ancillary kitchen and bathroom facilities.
3 De La Warr Way is also a three storey building, which has a self-contained office on the ground floor, and residential accommodation on the first and second floors, accessed via a private entrance door to the rear.
The properties benefit from three allocated parking spaces to the rear (off Broad Street), whilst the frontage has been brick paved to provide parking for a number of vehicles and bin storage.
Tenure
Long leasehold subject to tenancies
Location
De La Warr Way is well located in the heart of Cambourne, within close walking distance to the shops, facilities and services. Cambourne enjoys good transport links with Cambridge, 9 miles to the east.
Lot Type
Commercial
Tenancies
The entirety of 1 De L Warr Way is let to My Life (Carewatch Ltd) at a passing rent of £19,200 pa, with a rent increase due to take effect from the 1st November 2019, increasing to £24,060 pa.
3 De La Warr Way - ground floor office is let to Leumas Digital Ltd at a passing rent of £7,200 pa with the lease due to expire on 31st August 2018. The first and second floor flats are let on Assured Shorthold tenancies, on an individual room basis, at a total rent of £19,080 pa.
Details of all tenancies can be found in the legal pack.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Premier Solicitors, Premier House, Lurke Street, Bedford, MK40 3HU Ref: IM
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�