Key Features

• Freehold subject to tenancies
• Current income £52,800 per annum
• 1 retail unit and 4 residential flats
• Mixed-use investment opportunity

Description

Tenure

Freehold subject to tenancies.

Location

Sawston is a large village located approximately 7 miles south of Cambridge and close to the A505, which provides direct access to the A14 and A11/M11. Stansted Airport is approximately 23 miles to the south. Railway stations at Whittlesford and Great Shelford (both within 3 miles of the property) are on the Cambridge to London (Liverpool Street) line, and mainline stations at Royston and Cambridge also offer services to King's Cross. Sawston benefits from a number of local amenities including; shops, restaurants, schools, supermarkets, pubs and leisure facilities.

Lot Type

Commercial

Planning

The commercial element has been used for retail purposes under Class A1 of the Town & Country Planning (Use Classes) Order 1987. Other uses falling under Use Class E may be permitted (STP). The upper floors were originally used as offices, but gained change of use to residential in 2012. Interested parties are advised to make their own enquiries of South Cambridgeshire District Council Planning Department on 08450 450 500 to see whether their proposed use is acceptable in planning terms. Uniform Business Rates We understand that the commercial premises is entered into the VOA Rating List 2023 with a rateable value of £7,500. Interested parties are advised to make their own enquiries of South Cambridgeshire District Council Business Rates Department on (01954) 713113.

Legal Packs

www.cheffins.co.uk/auctions/property-auctions or Susanne Hind of Howes Percival, 13-15, Hills Road, Cambridge, Cambridgeshire, CB2 1NL

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.

Accommodation

Address	Tenant	Rent pa	Lease	Comment
Unit	Area Sq M (Sq Ft)	EPC	Lease	Annual Rent
Retail	38 (409)	B	23/5/22 - 22/5/32	£12,000
Flat 1	37.8 (407)	D	14/03/19 - Periodic	£9,000
Flat 2	32.34 (348)	D	Ending 31/8/24	£10,200
Flat 3	43.85 (472)	C	Ending 30/7/24	£11,400
Flat 4	31.12 (335)	C	Ending 17/08/24	£10,200
Total	189/16 (2,035)			£52,800