About this property
Key Features
Freehold with vacant possession
Good investment/development opportunity
Prominent location within town centre
Substantial commercial restaurant property
Description
A rare chance to purchase a deceptively spacious mid-terrace commercial property, in the heart of the market town of Chatteris. The building is of brick construction predominantly under a pitched slate covered roof. The property, currently trading as 'Saffron Cuisine', has a small frontage on to Market Hill, but upon entering the premises the width of property expands to reveal a substantial floorspace.
In brief, the internal accommodation comprises:
Ground Floor: Entrance from Market Hill with a store room incorporated; main service area with bar and space for up to 90 covers, laminate flooring and suspended ceiling incorporating down lighters; kitchen/ preparation areas with industrial kitchen units; mens and ladies customer toilets.
First Floor: Small office/staff room which is in need of refurbishment.
Lower Ground Floor: Cellar which has been converted into a further function area for 40 covers with serving bar; 2 staff rooms; pair of toilets and shower room.
The extensive accommodation totals approx. 6,000sq.ft. and offers a flexible area for a purchaser. The main serving areas are in very good condition, but the First and Lower Ground floor areas are in need of some refurbishment. EPC Rating: D
Tenure
Freehold with vacant possession
Location
From the High Street head south on the B105 where the High Street becomes Market Hill. The property can be found on the right hand side, next to Lloyds Bank. Chatteris is a busy market town in the heart of the Fens with good links to Ely, March, Peterborough and Huntingdon.
Lot Type
Commercial
Planning
It is understood that the property is Grade II listed. Interested parties are advised to speak to Fenland District Council regarding any specific planning matters via www.fenland.gov.uk.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions/ or Shanaz & Partners Solicitors, Unit 8, Quebec Wharf, 14 Thomas Road, London, E14 7AF Tel: 0207 375 2898 Ref: KA
Viewing
Cheffins Property Auction Dept 01223 213777
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.�