About this property
Key Features
Long term development potential
Established butchers shop business
Situated in popular South Cambridge City location
Freehold investment opportunity
Description
An end terrace property of brick construction under pitched slate roof with single storey brick built flat roof extensions to the rear.
The property occupies a prominent corner site with shop frontage and forecourt display to Grantchester Street, and return frontage to Chedworth Street. There is pedestrian access to the rear yard and extensions.
The accommodation comprises the following gross internal areas
Shop and preparation area: 49 m² (525 sq.ft)
Extensions: 32.86 m² (354 sq.ft)
Rear yard
Tenure
Freehold subject to tenancy
Location
The property occupies a corner location on Grantchester Street just off Barton Road, in the much sought after area of Newnham, on the south-western edge of Cambridge City centre.
The City of Cambridge boasts a wide range of shops, facilities and services, along with its world-renowned University and research centres.
The property enjoys good access to the M11 and A14 trunk roads.
Lot Type
Commercial
Planning
It is considered that the property might offer some long term development potential (STP).
Interested parties are advised to make their own enquiries of Cambridge City Council on 01223 457200
Tenancies
The entire property is let to private tenants on a 25 year lease, expiring on 1st December 2038 at current rental of £15,000 pa.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Perrin Myddleton Solicitors, 10 Waterside, Station Road, Harpenden, Herts, AL5 4US Tel: 01582 466153 Ref: RP
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.�