About this property
Key Features
Rental income of £11,000 per annum
High Street location in popular South Cambs village
Retail/Takeaway premises with upper parts
Investment opportunity
Description
The property comprises a retail/takeaway premises with upper parts currently used for accommodation purposes, totalling around 1,325 sq ft (123.1 sq m).
It was originally constructed as a pair of cottages and is of brick/flint construction with pitched pan tiled roof. There is a small enclosed yard area to the back accessed from the rear of the property.
Tenure
Freehold subject to existing tenancies
Location
Fulbourn is a large village, approximately 5 miles south east of Cambridge City Centre with an immediate resident population of approximately 4,700 (2011 Census). The village has a busy centre with a range of services including a Co-operative convenience store, a butcher, a grocer, a chemist, an estate agents, a public house and various other independent traders.
The property occupies a prominent position at the south eastern end of the High Street close to the junction with Church Lane and adjacent to the Six Bells public house.
Lot Type
Commercial
Planning
The property is currently being traded as a kebab/pizza takeaway use falling under Class A5 of the Town & Country Planning Act (Use Classes Order) 1987. Interested parties are advised to make their own enquiries of South Cambridgeshire District Council on 08450 450 500.
Tenancies
The property is let to Mr S Ciftci on a fully repairing and insuring lease for a term expiring on 19th March 2020 at a rent of £11,000 per annum exclusive.
The lease incorporates a rent review which is outstanding.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions/ or Greenwoods Solciitors LLP, Monkstone House, City Road, Peterborough PE1 1JE Tel: 01733 887694 Ref: AMC
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.�