About this property
Key Features
Freehold with vacant possession
Town centre location
Ideal for investor or owner occupier
Vacant commercial property
Description
A wonderful chance to purchase a prominent commercial building in the heart of the thriving town of Soham.
The property comprises a single storey commercial unit, which has operated as a bank for many years, previously occupied by Barclays Bank, but now vacant.
54 High Street thereby offers investor purchasers an ideal chance to update the building and rent out, or for an owner occupier to tailor to their own requirements.
The internal layout is predominantly open plan with a DDA lift and stepped entrance to the property. There is a Staff Room and W.C. facilities. A pedestrian access adjacent to the property leads to a small rear garden area.
The property comprises an approximate net internal floor area of 2,668 sq ft (247.86 sq m).
Business Rates
54 High Street is entered into the 2017 Ratings List with a rateable value of £14,300. Therefore, based on the 2021/22 small business rates multiplier, the rates payable will be approximately £7,136.
Tenure
Freehold with vacant possession
Location
Soham is located approximately 18 miles north east of Cambridge and 7 miles south of Ely, on the A142 which links Newmarket with Ely. The town is situated approximately 6 miles from J.37 of the A14. Soham has a population of approximately 10,000 and is a designated rural growth settlement.
Soham benefits from a range of facilities including restaurants and takeaways, a post office, shops including Asda and Co-Op supermarkets as well as Weatheralls Primary School and Soham Village College.
VAT
No VAT is payable on the purchase price.
Lot Type
Commercial
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Stephen McCallister at Salusbury Harding & Barlow, 1 Berridge Street, Leicester, LE1 5JT
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.�