About this property
Key Features
Residential maisonette on first and second floors
Commercial unit at ground and basement floors
Prominent mixed-use investment property in Cambridge city centre
Description
A wonderful opportunity to purchase a terraced 4 storey building of brick construction under a tiled roof. The property was previously used as “Bulls Dairies” and has long been in the same family ownership. It offers an ideal investment opportunity in the ever popular Cambridge City centre.
44 Hills Road comprises a commercial space at ground level which is currently let as a sandwich shop. The ground floor of the property features a sales area, a preparation area, and cold storage area totalling 404sq.ft. (37.5m²). At basement level there is a lobby, two preparation/storage spaces, as well as a further storage area with the basement area totalling 478sq.ft. (44m²).
The commercial premises have a passing rent of £13,250 pa with the current lease due to expire on 25 May 2019.
44A Hills Road is a residential maisonette with a private entry door from Hills Road. The internal accommodation can be summarised as follows:
Ground Floor: Private door into Entrance Lobby
First Floor: Kitchen/Sitting Room; Study/Bedroom 3; Bedroom 2; Bathroom.
Second Floor: Bedroom 1 with shower cubicle.
The gross internal floor area of the residential accommodation is 990 sq ft. (92m²).
EPC Rating - E
The residential accommodation is vacant and currently in need of refurbishment. The property was recently let with a rent of £825 pcm and is considered that there would be room for rental growth following refurbishment works.
Outside: There is a small yard occupied by the commercial tenant with an external cloakroom and sheds. The yard has pedestrian access to Russell Street.
Tenure
Freehold
Lot Type
Commercial
Legal Packs
www.cheffins.co.uk/propertyauctions or Taylor Vinters, Merlin Place, Milton Road, Cambridge CB4 0DP Tel: 01223 423444 Ref: LM
Viewing
Cheffins Property Auction Dept 01223 213777
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.�