Cheffins Property Auction breaks new ground
One of the largest properties ever offered has been entered in Cheffins September 30 Property Auction. With a guide price of between £1.5 and £1.6 million, New Cambridge House is a 38,579 sq ft office building in Litlington, just off the A505 west of Cambridge.
Auctioneer Simon Gooderham says: ”This is a substantial, modern commercial building set in seven acres with a high specification, suitable as a headquarters complex with R&D and potential laboratory accommodation, or it could be subdivided into smaller units.
“This is a landmark in the development of our quarterly property auction. We are attracting an increasing number of larger commercial properties as well as a stream of residential and agricultural properties and development sites.”
There are currently three other commercial properties in the auction. In Green End Road, Cambridge, there is a commercial investment comprising a retail unit let on a three year lease and a first floor flat on an assured shorthold tenancy. With a gross rent £11,180 per annum, the guide price is £130,000 - £140,000.
62 Cherry Hinton Road is formerly an HSBC bank, to be sold with vacant possession providing a large ground floor shop with potential for residential conversion at first floor. The guide price will be announced shortly.
In Newmarket, 36a High Street is a vacant commercial property extending to about. 3,215 sq.ft over two floors. Planning permission is available for A3 and A2 uses. The guide price is £150,000 - £170,000.
The joint agents on Litlington is Jeffersons, it is Januarys on Cherry Hinton Road and on Green End Road they are Layer Associates.
FOR DETAILS OF ALL PROPERTIES CONTACT THE AUCTION DEPARTMENT ON 01223 213777.
