6 Mar 2024 | 02:00 PM
Result:
Sold for £184,000
Freehold
2A Gwydir Street, Cambridge, Cambridgeshire, CB1 2LL
Lot 2
Result: Sold for £184,000
Key Features
- Freehold with vacant possession
- Potential for alternative uses STP
- Historically used for retail purposes
- Rare city centre commercial property in need of refurbishment
Description
The property comprises a single storey former post office, historically used for retail purposes. The property includes a recessed sales entrance and sales frontage onto Gwydir Street. The building is of brick construction elevations under a 'lean-to' mono-pitch roof.
There is a separate pedestrian right of way over a path to the rear entrance.
The property comprises an approximate gross internal area of 358 sq ft (33.26 sq m).
EPC Rating: D
Uniform Business Rates
The property is entered into the 2023 VOA Ratings List with a rateable value of £6,000. A qualifying occupier will benefit from 100% small business rates relief.
Tenure
Freehold with vacant possession
Location
The property is situated in the heart of Cambridge city centre, where Gwydir Street meets Norfolk Street. Mill Road is less than half a mile from the subject property and East Road is approximately a quarter of a mile away. The immediate surroundings are predominantly residential.
Nearby amenities include Norfolk Street Bakery, The Alexandra Arms public house and Norfolk Street Dental Practice.
VAT
No VAT is payable on the purchase price.
Lot Type
Commercial
Planning
The property is bordered on both sides by residential dwellings, and was formerly used as a post office and then a retail premises selling cassette tapes.
There is no formal use class associated with the property on the Cambridge City Council planning portal website, but it may be suitable for a variety of uses STP.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Carol Rogers at Pearce Legal Solicitors, 2, The Square, Solihull, B91 3RB
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.