About this property
Key Features
Situated within a mixture of residential and commercial properties
No development overage clause
Development potential STP
0.04 acres (0.01 ha) of land
Description
A rare opportunity to acquire 0.04 acres (0.01 hectares) of prime amenity land, directly fronting Newmarket Road, Cambridge.
A palisade fence defines the southern boundary with a pair of metal gates, with direct vehicular access off Newmarket Road (A1134), via a dropped kerb. The eastern and western boundaries are marked by neighbouring residential and commercial properties, whilst the remainder of the boundaries comprise of a timber closed board fence.
The site is relatively flat, level and regular in shape, with excellent road frontage. The ground is made up of a combination of concrete and crushed aggregate.
The site is identified within the Cambridge Policies Map 2018, as an ‘Opportunity Area’ and this forms part of the Local Plan 2018.
Historically, the land has been occupied by a used car sales business. To date, development for alternative uses has not been explored and therefore providing an excellent opportunity.
The land is being sold without a development overage.
The land is not connected to any services.
Tenure
Freehold with vacant possession
Location
The property is ideally positioned on Newmarket Road (A1134) which is a bustling arterial route into the heart of Cambridge. The site is located a short walk from a range of commercial and retail areas which includes; Cambridge Retail Park, Grafton Centre and the Beehive Centre.
Grid Reference: TL46365892
What3words: ///amber.demand.glare
General Remarks & Stipulations
The land is sold subject to and with the benefit of any wayleaves, easements, covenants and rights-of-way that may exist. All sporting, mineral and timber rights are included in the sale so far as they are owned. Please refer to the Auction Legal Pack for details.
Lot Type
Land
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Neville Drummond at Woodfines LLP, Lockton House, 12, Clarendon Road, Cambridge, CB2 8FH
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.�