About this property
Key Features
Freehold subject to a tenancy on No.40 at a current rent of £675 pcm
Potential for conversion to residential - subject to necessary consents
Two shop units in good central village location
Description
An opportunity to acquire freehold premises in the centre of the popular village of Gamlingay.
The property comprises two shop units, one of which is currently let as a Sandwich Bar, with the other unit (former Butchers) now vacant. It is considered that the property has potential for conversion to residential use (subject to securing the necessary consents).
No.38 is currently vacant but was previously used as a butchers and retains original features, including hanging rails and tiling. It has a sales area of 472 sq ft with a rear cold room/refrigerator of 120 sq ft
No.40 (also known as 38A) is currently let and trading as L J's Café. The accommodation comprises a single fronted unit with an area of 190 sq ft, plus a rear kitchen of 67 sq ft, and a WC that is shared with No. 38. Permission has previously been granted for hot food and takeaway usage (A5).
Outside - The two properties are linked by a covered alley, which is currently used as an additional seating area by the café. There is also a separate access to a concreted rear yard.
Tenure
Freehold subject to a tenancy
Location
Gamlingay is a popular village that lies 18 miles west of Cambridge City centre and 7.5 miles south of St Neots, and benefits from close links to the M11 and A1(M).
The premises are located in the centre of the village, close to other shop units including a Co-op supermarket and chemist, together with a pub and takeaway.
Lot Type
Commercial
Tenancies
No. 40 is currently held under a lease expiring end March 2018, at a rental income of £675 pcm.
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.�