Retail/Office Investment
23 Sep 2015 | 02:00 PM
Result:
SOLD - £562,000
Freehold
22-26 High Street, Histon, Cambridgeshire, CB24 9JD
Lot 9
Result: SOLD - £562,000
Key Features
- Fully let to Coral Racing Ltd & Thomson Webb & Corfield
- Rental income of £33,500 per annum
- High Street location in bustling village
- Retail/office Investment
Description
The property comprises a detached building of brick construction under a pitched tiled roof. It provides two retail shops at ground floor and office accommodation at first floor. There is a brick paved forecourt to the front of the property and a small private car park to the rear. The shop at No.26 is currently being re-fitted by the tenant.
Tenure
Freehold subject to tenancies. No VAT payable
Location
Histon is a large village, approximately 4 miles north of Cambridge City Centre with an immediate resident population of approximately 8,500 (combined with Impington). The village has a busy centre with a range of services including a bakery, grocer, two supermarkets, restaurants, estate agents and numerous public houses. The property has a central position on the High Street close to Tesco Express.
Lot Type
Commercial
Planning
The property has been used for offices and retail, falling under class B1, A1 & A2 of the Town & Country Planning Act (Use Classes Order) 1987. As of April 2015 we understand that Betting Offices are now classed under ‘Sui Generis’ uses. Interested parties are advised to make their own enquiries of Sth Cambridgeshire District Council on 08450 450 500.
Tenancies
Nos. 22 and 26 are let under separate leases to Thomson Webb & Corfield an established firm of solicitors. No.24 is let to Coral Racing Limited.
All leases are effectively fully repairing and insuring.
Legal Packs
King & Co., St Andrew's House, 59 St Andrew's Street, Cambridge CB2 3DD Tel: 01223 365432 Ref: APH or www.cheffins.co.uk/propertyauctions
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.