About this property
Key Features
Freehold subject to tenancies
Current income £52,800 per annum
1 retail unit and 4 residential flats
Mixed-use investment opportunity
Description
The property comprises a fully-let three-storey mixed-use building, in a popular location, producing a generous investment income. The ground floor provides a retail unit trading as a salon, whilst the upper floors provide 4 residential flats (mix of 1 and 2 beds), with separate rear access. There is a large parking area to the rear of the property.
Tenure
Freehold subject to tenancies.
Location
Sawston is a large village located approximately 7 miles south of Cambridge and close to the A505, which provides direct access to the A14 and A11/M11.
Stansted Airport is approximately 23 miles to the south. Railway stations at Whittlesford and Great Shelford (both within 3 miles of the property) are on the Cambridge to London (Liverpool Street) line, and mainline stations at Royston and Cambridge also offer services to King's Cross.
Sawston benefits from a number of local amenities including; shops, restaurants, schools, supermarkets, pubs and leisure facilities.
Lot Type
Commercial
Planning
The commercial element has been used for retail purposes under Class A1 of the Town & Country Planning (Use Classes) Order 1987. Other uses falling under Use Class E may be permitted (STP). The upper floors were originally used as offices, but gained change of use to residential in 2012.
Interested parties are advised to make their own enquiries of South Cambridgeshire District Council Planning Department on 08450 450 500 to see whether their proposed use is acceptable in planning terms.
Uniform Business Rates
We understand that the commercial premises is entered into the VOA Rating List 2023 with a rateable value of £7,500.
Interested parties are advised to make their own enquiries of South Cambridgeshire District Council Business Rates Department on (01954) 713113.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Susanne Hind of Howes Percival, 13-15, Hills Road, Cambridge, Cambridgeshire, CB2 1NL
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.�
Accommodation
| Address |
Tenant |
Rent pa |
Lease |
Comment |
|
|
|
|
|
| Unit |
Area Sq M (Sq Ft) |
EPC |
Lease |
Annual Rent |
| Retail |
38 (409) |
B |
23/5/22 - 22/5/32 |
£12,000 |
| Flat 1 |
37.8 (407) |
D |
14/03/19 - Periodic |
£9,000 |
| Flat 2 |
32.34 (348) |
D |
Ending 31/8/24 |
£10,200 |
| Flat 3 |
43.85 (472) |
C |
Ending 30/7/24 |
£11,400 |
| Flat 4 |
31.12 (335) |
C |
Ending 17/08/24 |
£10,200 |
| Total |
189/16 (2,035) |
|
|
£52,800 |