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PLENTY OF MODERNISATION PROJECTS AT AUCTION
RENOVATION PROJECTS AT CHEFFINS PROPERTY AUCTION
A detached cottage in Waterbeach is one of a number of interesting renovation projects on offer at the next Cheffins Property Auction on 11 May. Located in Way Lane in the centre of the village, it is a detached three bedroom house with potential to renovate and extend or redevelop.
Cheffins auctioneer Simon Gooderham says: “It is set back from the road on a generous site and could provide an additional building plot. The guide price is £220,000 to £250,000.”
VILLAGE PERIOD PROPERTY NEAR MARCH
Close to the Cambridgeshire market town of March is a double fronted period village property in need for modernisation standing on a third of an acre. Currently providing four bedrooms, the property in Doddington Road, Benwick, could be substantially extended or redeveloped to provide several homes subject to planning.
The guide price is £120,000 to £130,000.
RARE SMALLHOLDING COMES UNDER THE HAMMER
An 18th century house with nearly five acres and outbuildings and barns near Buntingford will be offered at the next Cheffins Property Auction in Cambridge on 11 May.
Rectory Farm is a rare opportunity to acquire a smallholding or equestrian property in a delightful rural location according to Cheffins auctioneer Simon Gooderham. He says: “Properties like this are few and far between. The house is timber framed with rendered walls. It needs refurbishment and comes with two large barns, a traditional granary and stables and stores.
“We have set a guide price of £480,000 to £500,000. After modernisation it will provide a very pleasant home and business. There is also an acre or so of woodland available at a guide price of between £5,000 and £6,000.”
FORMER EXNING PUB GOES UNDER THE HAMMER
The former (name of pub) in Oxford Street, Exning, Newmarket, is to be sold at auction in Cambridge on 11 May. It is centrally located within the village and currently has planning consent for use as a residential care home and has previously had consent for conversion to residential use.
Cheffins Auctioneer Simon Gooderham says: “It’s a handsome building with 2,650 sq ft of accommodation and with potential for a wide range of sues subject to planning consent.
”We have given it a guide price of £250,000 to £300,000 and expect a lot of interest for a property of this character.”
COMMERCIAL INVESTMENTS TOO.
Two commercial investment properties in Newmarket Road, Cambridge, go under the hammer on 11 May at Cheffins next Property Auction. They are adjacent mixed commercial and residential properties close to the roundabout at Elizabeth Way and East Road.
The larger of the two is 118-120 Newmarket Road which is a ground floor retail unit currently trading as a beauty salon but with the possibility of a surrender of the lease to give vacant possession shortly.. Above are two residential apartments on first and second floor. The present income is £34,040 per annum and the guide price is £375,000 to £400,000. Philip Woolner of Cheffins says that there is potential for redevelopment subject to planning consents.
The second property is numbers 114-116 Newmarket Road. This a ground floor office operating as the Cambridge Immigration Legal Centre with two apartments at first floor level. The rental income is currently just over £20,000 per annum with one flat vacant. The guide price is £325,000 to £350,000.
The joint agent for these two properties is Januarys.
FOR FURTHER INFORMATION PLEASE CLICK ON: www.cheffins.co.uk/propertyauctions.
