About this property
Key Features
Freehold subject to tenancies
Development Potential STC
Current Rental Income £17,544 p.a.
Investment Opportunity
Description
Centrally positioned in Soham town centre is this prominent large detached mixed use property fronting the High Street and Brook Dam Lane.
The property is of a traditional brick construction under a grey slate roof and comprises 14-16 High Street which is a ground floor restaurant with rooms above, 2 Brook Dam Lane which is a 3-bedroom house and 2A Brook Dam Lane which is a 1 bedroom suite, together with off street parking and enclosed yard.
With refurbishment and reconfiguration the property offers scope to extend the available residential accommodation and to increase income potential STC.
12-16 High Street: Occupying a corner position with frontage to High Street and Brook Dam Lane is this resturant premises with rooms above offering scope for conversion to residential use STC.
Restaurant: Comprising a commercial kitchen, bar, restaurant for 48 covers, cloak room, W.C.'s and a storage room / prep area.
First Floor: A staircase from the resturant kitchen leads to the first floor where there is a large landing area with 4 good sized rooms, bathroom and loft access.
The rooms are currently not utilised but offer scope for refurbishment and conversion to residential use subject to necessary consents and approvals.
2 Brook Dam Lane: A 3-bedroom semi-detached house fronting Brook Dam Lane, Soham.
The accommodation comprises:
Ground Floor - Entrance Hall, Kitchen, Living Room, Storage Room, W.C.
First Floor - 3no. Bedrooms, Bathroom and Landing.
2A Brook Dam Lane: Situated behind 2 Brook Dam Lane is this 1-bedroom suite accessed via enclosed courtyard.
The accommodation comprises:
Ground Floor- Kitchen, Living Room, W.C. and Shower
First Floor- Bedroom with loft access
Tenure
Freehold subject to tenancies
Location
Soham is situated almost equidistant between Ely and Newmarket (6 miles) and is approximately 15 miles from Cambridge. The A.14 trunk road is available at Newmarket and this in turn leads into the M11 and the main motorway system. Soham railway station operates on the Ipswich to Peterborough line with options to travel to Ely (with its connections to Cambridge and London), March, Peterborough, Bury St Edmunds, Stowmarket and Ipswich. Soham has excellent primary and secondary schools and a good selection of shops, together with sporting and social facilities.
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Yard: To the rear of the building is a concrete paved yard with a brick storage building.
Car Parking: Adjacent to the building is parking spaces for 2 vehicles with a further car parking space beyond on land to rear of 8 High Street. One undesignated parking space is reserved. See Legal Pack.
EPC's:
12-14 High Street (Commercial) - C (67)
2 Brook Dam Lane - C (70)
2A Brook Dam Lane - E (52)
Council Tax:
12-14 High Street - D
2 Brook Dam Lane - B
2A Brooke Dam Lane - Not Listed
Lot Type
Commercial
Tenancies
The property is being offered for sale freehold, subject to existing tenancy agreements:
The tenant of 12-16 High Street and 2a Brook Dam Lane is holding over on a lease under the Landlord and Tenant Act 1954 which expired in September 2024. The passing rent is £13,008 p.a.
2 Brook Dam Lane is let on an Assured Shorthold Tenancy. The passing rent is £378 per calendar month.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Andrew Geddes of Bendall and Sons, 23, High Street, Newmarket, Suffolk, CB8 8LY
Viewing
Cheffins Rural Department 01353 654900
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�