About this property
Key Features
Development opportunity
Fenced and secure site
Long leasehold
Established business park location
Description
A rare opportunity to purchase a development plot situated at the front of Papworth Business Park. The site overlooks Ermine Street, close to its junction with the (A1198) Papworth by-pass.
The site totals around 1.25 acres and has a net developable area of approx. 1 acre. It is fenced and secured and provides level tarmacadam and gravel hard-standing.
Tenure
Long leasehold with vacant possession.
Location
Papworth is located on the A1198 close to the junction with the A428 around 10 miles west of Cambridge, 8 miles east of St Neots and 9 miles south of Huntingdon. Road links are excellent with good access to the M11 motorway together with the A14 and A1 trunk roads.
There are railway stations at Cambridge plus St Neots and Huntingdon which are both on the East Coast mainline.
From Cambridge, head west on the A428, before taking the turn towards Papworth Everard. Head north on the A1198, going straight over the roundabout, and turn right in to Stirling Way. Take the first right, and the site can be found on the right, next to DHL.
Auctioneers Note
The site is held on a long lease for a term expiring on 31 March 2149 (approximately 133 years remaining) at a current rent of £50 per annum until 2024 then doubling every 25 years. Full lease details can be found in the auction legal pack.
Planning
Planning permission was granted in March 1999 (Ref SO445/98/0) for B1 & B2 development across the whole of the Papworth Business Park. The site has previously benefited from a temporary consent for car parking.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Mills & Reeve LLP, Botanic House
98-100 Hills Road, Cambridge, CB2 1PH Ref CF
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.�