About this property
Key Features
Freehold with vacant possession
Potential for alternative uses STP
Historically used for retail purposes
Rare city centre commercial property in need of refurbishment
Description
The property comprises a single storey former post office, historically used for retail purposes. The property includes a recessed sales entrance and sales frontage onto Gwydir Street. The building is of brick construction elevations under a 'lean-to' mono-pitch roof.
There is a separate pedestrian right of way over a path to the rear entrance.
The property comprises an approximate gross internal area of 358 sq ft (33.26 sq m).
EPC Rating: D
Uniform Business Rates
The property is entered into the 2023 VOA Ratings List with a rateable value of £6,000. A qualifying occupier will benefit from 100% small business rates relief.
Tenure
Freehold with vacant possession
Location
The property is situated in the heart of Cambridge city centre, where Gwydir Street meets Norfolk Street. Mill Road is less than half a mile from the subject property and East Road is approximately a quarter of a mile away. The immediate surroundings are predominantly residential.
Nearby amenities include Norfolk Street Bakery, The Alexandra Arms public house and Norfolk Street Dental Practice.
VAT
No VAT is payable on the purchase price.
Lot Type
Commercial
Planning
The property is bordered on both sides by residential dwellings, and was formerly used as a post office and then a retail premises selling cassette tapes.
There is no formal use class associated with the property on the Cambridge City Council planning portal website, but it may be suitable for a variety of uses STP.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Carol Rogers at Pearce Legal Solicitors, 2, The Square, Solihull, B91 3RB
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.�