About this property
Key Features
Long leasehold with vacant possession
Central city location
Single Garage
Ideal parking /storage opportunity
Description
A rare opportunity to acquire a single garage en-block, in a prime position in the centre of Cambridge.
The garage (No.16) has a pitched timber roof which is under-felted and covered with concrete tiles, whilst the walls are concrete panel construction. There is a black UPVC gutter and downpipe, and benefits from a modern white up-and-over door to front that was fully replaced in 2021.
Inside there is a concrete floor with internal measurements of 2.45m min x 4.87m min, and a maximum ridge height of 3.33m.
The garage forms part of a purpose-built block of garages, with number 16 lying within the northern row of garages, fifth from the western end.
The garage was granted a 75 year lease dating from 1987, thereby with approximately 39 years currently remaining.
There is a small PV panel to front front roof slope, but this has not been used by the current owner and it is not known whether this still works. There is no other form of light or power connected.
Tenure
Long leasehold with vacant possession
Location
The garage is located off Hooper Street, with the entrance to the garage complex found opposite The Petersfield, at the junction of Hooper Street and Sturton Street.
The garages are adjacent to the Ironworks development and would be an ideal acquisition for the wide range of properties in the residential streets around Hooper Street.
Auctioneers Note
The lease contains a clause which prevents assignment to a person who already has one of the other Hooper Street garages.
Lot Type
Commercial
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Selina Shearer at Mulcahy Smith Ltd, 23 Regent terrace, Gateshead, tyne & Wear, NE8 1LU
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.�