Lot 19 - SOLD £480,000 82 - 84 Victoria Road, Cambridge, CB4 3DU
Details:
• Mixed use investment opportunity
• Prominent location along main arterial route
• 5 Bed flat let on AST at £1,400 pcm
• Building plot for 2 bed dwelling
• Not subject to VAT
DESCRIPTION
The property comprises a two storey end of terrace late Victorian building with a double fronted shop unit and a five bedroom flat.
The shop unit comprises an open plan sales area with further ancillary accommodation behind. The premises have a single storey extension to the rear, which includes a store and staff facilities for the shop. There is access from the store into the car park for loading/unloading. In addition, there is a basement accessed from within shop providing additional basic storage accommodation.
The flat, which is accessed via a side entrance on Primrose Street, is laid out over both ground and first floors and comprises an entrance lobby with a kitchen and sitting room at ground floor level, together with five bedrooms and a bathroom on the first floor. There is a small enclosed courtyard area to the rear for use with the flat.
The property also benefits from a tarmac car park area to the rear with vehicular access from Primrose Street, together with a brick outbuilding of approximately 9.1m x 3.7m. The site comprising the car park and outbuilding benefit from planning consent (Ref: 09/0015/FUL) for the erection of a 2 bed house. Please click HERE to be re-directed to the Public Access website to view the details.
The property provides the following accommodation:
Shop Sales 42.9 sq m 462 sq ft
Ancillary 39.1 sq m 421 sq ft
Basement 16.0 sq m 172 sq ft
Total 98.0 sq m 1,055 sq ft
Flat - The gross internal floor area is approximately 102 sq m (1,100 sq ft).
TENANCIES
The shop unit is currently vacant but was let previously (to June 2010) at a gross rent of £16,800 pa. The residential flat is let on an assured shorthold tenancy at a rent of £1,400 per calendar month.
LOCATION
Victoria Road is a busy arterial route on the north side of Cambridge City and forms part of the A1134 city centre ring road. The location comprises a mixtures of shops, restaurants and various other commercial uses, as well as being a densely populated residential area. The property itself is located within walking distance of the city centre, which is approximately one mile distant. The property occupies a corner position fronting onto Victoria Road with a side elevation onto Primrose Street
TENURE Freehold
LEGAL PACK www.cheffins.co.uk/propertyauctions/catalogues.asp
or Leeds Day Solicitors, Godwin House, George Street, Huntingdon, Cambs, PE29 3BD tel 01480 454301 ref CD
VIEWING
Cheffins Commercial Department 01223 213666
Result: £480000
