About this property
Key Features
Conversion potential
Offices with rear warehouse
Central Cambridge location
Freehold property with vacant possession
Description
An excellent opportunity to purchase a commercial property, in the western part of Cambridge City centre, occupied by East Anglia Forwarding Ltd since 1966. The property forms part of a terrace of office and retail properties on Cromwell Road, Cambridge, and is of brick construction under a pitched tiled roof. The total Net Internal Area of the property is 135.72 m² / 1,461 sq ft.
The property provides cellular retail and office areas. The ground floor is divided into 2 office areas, as well as a kitchen and WC to rear. There is also an attached modern 56.72 m² / 610 sq ft warehouse storage area, with vehicular access to the rear. At first floor level there are 3 office rooms and a further WC.
Business Rates
We understand that the property is entered into the VOA Rating List 2017 with a rateable value of £5,200. Interested parties are advised to make their own enquiries of Cambridge City Council Revenue Services on (01223) 457743.
Tenure
Freehold with vacant possession
Location
Cromwell Road is located to the west of Cambridge City Centre, within close proximity to the Anglia Ruskin University and the Grafton Centre. The area is largely residential but also provides a vibrant mix of local traders and speciality shops, together with various pubs and cafés, and is subject to ongoing rejuvenation.
Access out of Cambridge with the A14 (Junction 35, Quy) only 4 miles away. Cambridge Railway Station is around 0.5 mile from the property.
Lot Type
Commercial
Planning
It is considered that the property may have some conversion potential, subject to gaining the necessary planning apparovals. Interested parties are advised to contact Cambridge City Council Planning Department in this regard.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Greenwoods Solicitors LLP, Compass House, Vision Park, Histon, Cambridge, CB24 9AD. Tel: 01223 785300
Viewing
Cheffins Commercial Department 01223 213666
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.�