About this property
Key Features
Freehold with vacant possession
Development potential
In need of refurbishment
Mixed use investment property
Description
A wonderful and rare opportunity to purchase a terraced 2 storey building, on the popular Chesterton Road in central Cambridge, which is sure to appeal to owner/occupiers and developer buyers alike.
At ground floor level No.48 comprises a main retail area to the front of the building with a shop display window; a second retail/office room; an internal storage room; kitchen area; cloakroom and access to the rear yard.
At first floor level the flat (known as No. 48A) is accessed independently and the accommodation comprises a large sitting room with study area off; double bedroom; kitchen; bathroom; separate cloakroom. EPC Rating D.
To the rear of the property is a small yard area as well as parking spaces for 2 cars, in a covered carport, which is accessed from Trafalgar Road to the rear.
The property is in need of some refurbishment and would also lend itself to reorganisation/redevelopment (STP).
The property is being sold with vacant possession.
Tenure
Freehold with vacant possession
Location
The property is situated in a prominent location just north of the River Cam, and conveniently placed for access to the Science Park and the historic city centre.
Lot Type
Commercial
Planning
The ground floor of the property has previously been used for retail (Class A1), as Classified by the Town and Country Planning Use Classes Order 1987. The first floor flat has been rented separately on an assured shorthold tenancy basis.
Interested parties are advised to make their own enquiries of Cambridge City Council Planning Dept. on 01223 457200.
Legal Packs
www.cheffins.co.uk/propertyauctions or Roythornes Solicitors Enterprise Way, Pinchbeck, Spalding, Lincolnshire, PE11 3YR Tel: 01775 842 530 Ref: PH
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.�