About this property
Key Features
Freehold
Total site area 0.26 acres
Planning permission granted for 9 flats and a public house
Development opportunity in Cambridge
Description
A fantastic opportunity to purchase a potential residential site, on the northern side of the popular city of Cambridge.
The site measures approximately 0.26 acres (0.1 hectares), and has recently been granted planning permission for two 1 Bed units and seven studio units, with a public house on the ground floor.
Tenure
Freehold with vacant possession
Location
The site is situated in a prominent position on the corner of St. Kilda Avenue and Campkin Road, approximately 2 miles north of Cambridge City Centre. The site benefits from close proximity to the Cambridge Science and Business Parks and Cambridge North Station.
The site is found in a largely residential area, but opposite an array of local shops.
VAT
VAT is payable on the purchase price.
Planning
The approved planning scheme gives consent for the demolition of the existing building, and erection of a contemporary building featuring a public house at ground floor level, with nine residential flats (two 1 - bed flats and seven studio flats) on the upper floors.
The scheme also provides space for on-site car and bicycle parking.
Planning permission has been granted for a new building, and the site has the benefit of no Section 106 Agreement. Full details of the approved scheme can be found on the local planning authoriy's website, with reference: 17/0927/FUL.
The proposed floorplans, elevations, and design statement, along with the various planing statements can be found in the auction legal pack.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Thomson, Webb & Corfield, 16 Union Road, Cambridge, CB2 1HE Ref PC
Viewing
Attend the site at all reasonable times during daylight hours with a copy of the particulars to hand.
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.�