5 Mar 2025 | 02:00 PM
Result:
Withdrawn
Freehold
173 & 173A Mill Road, Cambridge, Cambridgeshire, CB1 3AN
Key Features
- Of interest to owner-occupiers and investors
- For sale freehold with vacant possession
- Popular and vibrant location
- Mixed use, two-storey building
Description
A rare opportunity to purchase a vacant freehold two storey building of masonry construction fronting Mill Road, with a later single-storey extension to the rear. The ground floor provides a commercial unit, most recently used as a beauty salon. The first floor provides a a one-bedroom flat that has been recently refurbished to a modern specification, providing a generous living room, kitchen, bedroom, and shower room. To the rear of the property is a garden which is laid to paving stones, with pedestrian access from Catharine Street. Both commercial and residential parts are accessible from the rear garden.
To the rear of the property is a garden which is laid to paving stones, with pedestrian access from Catharine Street. Both commercial and residential parts are accessible from the rear garden.
Accommodation
The property comprises the following approximate gross internal areas:
Ground Floor 73.90 sq m 797 sq ft
First Floor 43.63 sq m 470 sq ft
Total 117.53 sqm 1,266 sq ft
Tenure
Freehold with vacant possession
Location
Mill Road is a main arterial route into the city centre from the city's south eastern outskirts and is an established shopping destination and densely populated residential area. Surrounding the property is a vibrant mix of local traders and speciality shops together with various restaurants, cafes and bars. The property occupies a prominent trading position and benefits from high footfall.
Cambridge Railway Station is approximately a ten-minute walk from the property, whilst the City Centre is approximately a twenty-minute walk away. There is on-street resident parking on many of the residential streets off Mill Road, permits required.
Outgoings
Business Rates
The ground floor unit is rated as follows:
Rateable Value (2023 Rates List): £17,750
Rates Payable: (2024/25) £8,857
Council Tax
The residential flat is within valuation band B. The Council Tax payable for the year 2024/25 will therefore be £1,749.18.
Lot Type
Commercial
Planning
The ground floor unit has been used under Classes A1 (Retail), A2 (Financial & Professional Services), and Sui Generis (Treatment Rooms). Other uses falling under Class E such as office, café, restaurant, coffee shop, day nursery or clinic may be permitted STP.
The first floor has been used for residential purposes.
Interested parties are advised to speak with Cambridge City Council Planning department regarding their proposed use.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions
Viewing
Cheffins Commercial Department 01223 213666
Important notes
IMPORTANT: Cheffins would like to inform prospective purchasers that these sales particulars have been prepared as a general guide only. A detailed survey has not been carried out, nor the services, appliances or fittings tested. Room sizes should not be relied upon for furnishing purposes and are approximate. If floor plans are included, they are for guidance and illustration purposes only and may not be to scale. Images may have been digitally edited for illustration purposes. If there are any important matters likely to affect your decision to buy, please contact us before viewing the property.
*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.