Cheffins Lot 7 - Property Pilot
LOT
7
102/102A Cherry Hinton Road, Cambridge, Cambridgeshire, CB1 7AJ
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Mixed use investment opportunity
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Ground floor retail unit and 3 residential flats and parking
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Rental income of £47,760 pa with potential for further growth
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Not subject to VAT
GUIDE PRICE
£850,000+*
DESCRIPTION The property comprises a two storey end of terrace Victorian property which was converted in 2008 from offices to a ground floor retail unit and three residential flats, each with the benefit of off street parking. The property has been re-furbished to a high standard and provides the following accommodation: SHOP: Open plan sales area with WC to the rear. Approx. NIA 64.1 m² (690 sq.ft.) FLAT 1 (Studio): Open plan studio flat with Bathroom and outside patio. Approx. GIA 29.7 m² (320 sq.ft.) FLAT 2 (1 Bed): Open plan Kitchen and Living Room with Bedroom and Bathroom. Approx. GIA 40.8 m² (440 sq.ft.) FLAT 3 (2 Bed): Open plan Kitchen and Living Room with 2 Bedrooms and Bathroom. Approx. GIA 55.7 m² (600 sq.ft.) LOCATION Cherry Hinton Road is on the south-east side of Cambridge. The location comprises a mixture of shops, restaurants and various other commercial uses, together with residential dwellings. The property itself is located approx. 1.25 miles from the city centre and within 0.5 miles of the railway station. TENANCIES The retail unit is let to Blazing Saddles at a rent of £15,000 per annum. The residential flats are let on an AST basis with the following income: Flat 1 (Studio) - £9,360 pa Flat 2 (1 bed) - £10,200 pa Flat 3 (2bed) - £13,200 pa Retail Unit - £15,000 pa Total Income - £47,760 pa with potential for growth Tenure Freehold subject to existing tenancies LEGAL PACK www.cheffins.co.uk/auctions/propertyauctions or Edmondson Hall, 25 Exeter Road, Newmarket, CB8 8AR. Tel: 01638 560556 Ref: AH Viewing Cheffins Commercial Department 01223 213666
Tel: 01223 213777
Not to scale. This plan is based upon the Ordnance Survey Map with the sanction of the Controller of HMSO Licence No. 100020449
cheffins.co.uk
7
102/102A Cherry Hinton Road, Cambridge, Cambridgeshire, CB1 7AJ
•
Mixed use investment opportunity
•
Ground floor retail unit and 3 residential flats and parking
•
Rental income of £47,760 pa with potential for further growth
•
Not subject to VAT
GUIDE PRICE
£850,000+*
DESCRIPTION The property comprises a two storey end of terrace Victorian property which was converted in 2008 from offices to a ground floor retail unit and three residential flats, each with the benefit of off street parking. The property has been re-furbished to a high standard and provides the following accommodation: SHOP: Open plan sales area with WC to the rear. Approx. NIA 64.1 m² (690 sq.ft.) FLAT 1 (Studio): Open plan studio flat with Bathroom and outside patio. Approx. GIA 29.7 m² (320 sq.ft.) FLAT 2 (1 Bed): Open plan Kitchen and Living Room with Bedroom and Bathroom. Approx. GIA 40.8 m² (440 sq.ft.) FLAT 3 (2 Bed): Open plan Kitchen and Living Room with 2 Bedrooms and Bathroom. Approx. GIA 55.7 m² (600 sq.ft.) LOCATION Cherry Hinton Road is on the south-east side of Cambridge. The location comprises a mixture of shops, restaurants and various other commercial uses, together with residential dwellings. The property itself is located approx. 1.25 miles from the city centre and within 0.5 miles of the railway station. TENANCIES The retail unit is let to Blazing Saddles at a rent of £15,000 per annum. The residential flats are let on an AST basis with the following income: Flat 1 (Studio) - £9,360 pa Flat 2 (1 bed) - £10,200 pa Flat 3 (2bed) - £13,200 pa Retail Unit - £15,000 pa Total Income - £47,760 pa with potential for growth Tenure Freehold subject to existing tenancies LEGAL PACK www.cheffins.co.uk/auctions/propertyauctions or Edmondson Hall, 25 Exeter Road, Newmarket, CB8 8AR. Tel: 01638 560556 Ref: AH Viewing Cheffins Commercial Department 01223 213666
Tel: 01223 213777
Not to scale. This plan is based upon the Ordnance Survey Map with the sanction of the Controller of HMSO Licence No. 100020449
cheffins.co.uk
