Cheffins will offer a series of commercial investments, as well as refurbishment projects and land at the firm’s property auction on Wednesday 8th September. Hosted at the Cheffins salerooms in Cambridge, the December auction will follow the live-webcast format, offering buyers the option to bid on the telephone, online or by proxy.

Leading the commercial investments is the opportunity to purchase Springwater Business Park, in Whittlesey, Cambridgeshire. Comprising of five industrial units, occupied by three established tenants, the park currently sees a rental income of £53,043. The steel frame units total over 12,000 sqft and are currently occupied by EDF EN Services UK Ltd, Trade Van Sales Ltd and Stadler UK Ltd. The Park has an estimate of £675,000 - £700,000. There is also a modern semi-detached two storey office/workshop building on Ermine Business Park in Huntingdon. With on-site parking, the premises feature a series of office spaces, totalling over 1,966 sqft, located one mile from Huntingdon town centre and the A1 and A14 trunk roads. The property has an estimate of £195,000 - £210,000. In Ipswich, there is a four-storey commercial investment property, which has been recently refurbished and comprises a retail unit, storage area in the basement, a store/workshop and an additional two further storerooms, totalling over 1,679 sqft. Located on Carr Street, the property is in the pedestrianised part of the town centre with nearby occupiers including Santander, Costa Coffee and Specsavers. The building benefits from a recently signed 10-year lease, with a current rent of £15,000 per annum, and it has an estimate of £175,000 - £200,000.

For those looking for a mixed-use investment, a prime shop in Braintree, with planning permission in place for two residential flats is on offer with an estimate of £295,000. Set in the town centre on Bank Street, the property is offered with vacant possession, having previously been let to Edinburgh Woollen Mill. Similarly, on Newmarket High Street is a former banking hall with permission to convert to retail with flats above. The building has the ability to be converted to a large retail unit, with basement storage and either one or two residential flats above. It has an estimate of £325,000.

Ian Kitson, Director, Cheffins says: “We have seen that demand for commercial investment opportunities has increased over the past 12 months as investors look to diversify income streams. Industrial buildings such as those available at Springwater Park continue to be some of the most sought-after as the sector sees vast levels of demand and strong yields.  Similarly, mixed-use buildings are being actively sought by both smaller corporate and private investors, or career landlords who look to spread their bets across both the residential and commercial sectors. Values are increasing for small scale investment options, and we have seen that many buyers have turned to the auction room to pick up commercial opportunities at competitive prices as confidence in the market continues to grow following the Covid-19 pandemic.”

In the residential section, there is a renovation opportunity in the form of a four-bedroom bungalow on Barkway Road in Royston, which has an estimate of £350,000.  Finally, there is an increasingly rare chance to acquire two substantial barns in Hempstead, near Saffron Walden, with an estimate of £60,000 - £75,000.

Leading the land section is 17.8 acres of grass and amenity woodland at Creeting St Mary, near Ipswich. The land is intersected by a river and provides an opportunity for amenity use, and is sure to appeal to nature-lovers and those seeking woodland parcels. This has an estimate of £110,000 - £120,000.

Ian Kitson continues: “Renovation projects are continually of interest for auction buyers and the house in Huntingdon is a fantastic prospect for someone looking to purchase a historic property and preserve it for future generations. The land at Creeting St Mary is also set to be popular as a rare opportunity for those looking for amenity or woodland parcels.” 

Cheffins’ property auction generated around £11,000,000 in the previous 12 months, throughout the East Anglia and Mid Anglia regions.

The auction will take place on Wednesday 8th December, from 2pm, online at

For further information, contact Cheffins Property Auction team on 01223 213343,