Lot 17 - SOLD £123,000 188 Green End Road, Cambridge, CB4 1RN
Details:
• Mixed use investment opportunity
• Producing gross income of £11,420 per annum
• Situated within densely populated Cambridge ward
DESCRIPTION
The property comprises a two storey mid terrace late Victorian building with a ground floor shop and a one bedroom flat at first floor level. The shop unit, which is currently occupied by a bike shop, comprises an open plan sales area with an ancillary room to the rear. Behind the shop is an enclosed yard area with pedestrian access from Green End Road, which is used for additional storage by the shop tenant. There is a common entrance lobby at the front of the property with separate access via stairs to the self contained one bedroom flat, which comprises an open plan living area with kitchen, double bedroom and bathroom.
The property has an external front forecourt, which is used by the shop and there is on street parking nearby in the surrounding streets.
The shop comprises the following approximate areas and dimensions:
Shop Internal frontage 2.5 m 8 ft 2 ins
Shop depth 7.5 m 24 ft 6 ins
Built depth 10.9 m 35 ft 9 ins
Sales 22.5 sq m 242 sq ft
Ancillary 9.3 sq m 100 sq ft
Total NIA 31.8 sq m 342 sq ft
LOCATION
Green End Road is situated in Chesterton is a densely populated residential ward on the east side of the City centre with many local amenities and shops. The road links into Milton Road (A1309) providing ready access to the Science Park, City centre and the A14. The property itself occupies a mid-terrace position fronting onto Green End Road close by to the junction with Scotland Road.
TENURE Freehold
VAT The property is not subject to VAT
TENANCIES The ground floor shop unit is currently let on a 3 year internal repairing lease from 31st May 2008 at a passing rent of £5,600 per annum exclusive. The residential flat is let on an assured shorthold tenancy at a rent of £485 per calendar month.
LEGAL PACK Peter Giddens & Co, 266 High Street, Cottenham, Cambridge, CB24 8RZ tel 01954 250089 ref PG
JOINT AGENTS Contact Jonathan Lager, Layer Associates
VIEWINGS Cheffins Commercial Department 01223 213666 ref RB or Layer Associates 01223 300966 ref JL
Result: £123000
