43-47 Water Street

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Redevelopment / Refurbishment Opportunity

43-47 Water Street Chesterton, Cambridge, CB4 1NZ For Sale Freehold

Red line for indicative purposes only

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Freehold redevelopment / refurbishment opportunity Site extends to approximately 0.041 hectares (0.102 acres) Available with Vacant Possession

Abigail Jones Savills Cambridge Unex House 132-134 Hills Road, CB2 8PA

01223 347 094

savills.co.uk

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Offered by way of Informal Tender

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Inviting unconditional offers

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In close proximity to the Cambridge North railway station

NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

Location

Additional Information

Cambridge is a historic city, with a compact City Centre, located approximately 2 km (1.2 miles) from the Property. Cambridge North railway station, due to open in May 2017, is located within walking distance from the Property, approximately 1.2 km (0.8 miles) to the east. This station will provide regular and fast services to London Kings Cross, London Liverpool Street and Ely.

The vendor has not undertaken any planning enquiries in regards to the redevelopment of the site or conducted any technical surveys for the properties. We ask that interested parties undertake their own planning and technical due diligence.

The Property is located on Water Street, close to the River Cam in Chesterton. The area is predominantly residential with a number of new build residential and redevelopment schemes being undertaken in close proximity. The Property is in close proximity to the High Street in Chesterton which benefits from a number of amenities including a Tesco Express, food outlets, banks and a post office.

Energy Performance Certificates for each of the properties can be made available upon request.

Tenure Freehold interest with vacant possession.

VAT VAT will not be charged on the sale of the Property.

Description The Property comprises 43 Water Street which is currently configured as four, one bedroom flats across the ground and first floor; 45 Water Street comprising a two bedroom duplex flat and 47 Water Street comprising a one bedroom flat. Floor plans for each of the properties are available. The floor areas are summarised below: Dwelling

GIA (Sq Ft)

43, Flat 1

275.3*

43, Flat 2

302.9*

43, Flat 3

328.8*

43, Flat 4

256.6*

45

1035.7

47

609.1

* GIA of each individual flat. The Property extends to approximately 0.041 hectares (0.102 acres). Vehicle access is provided to the rear of the properties off Water Street.

Viewings Viewings of the Property are undertaken from the public highways only unless prior arrangements have been made with Savills Cambridge.

Method of Sale The Property is offered for sale via private treaty. Offers are to be e-mailed to [email protected] for the attention of Abigail Jones, clearly marked “43-47 Water Street, Chesterton”. Preference will be given to unconditional offers. Our client will not be bound to accept the highest or any offer and may withdraw the property from the market at any time. The following criteria are required as part of any offer: • Purchase price • Details of the anticipated purchase timetable • Proof of funding • Confirmation of any conditions

Planning

• Details of any overage offered

The Property falls into the Use Class C3 (dwelling houses), within the administrative boundary of Cambridge City Council. Principle of the redevelopment / refurbishment of this site for housing is acceptable in accordance with the adopted Local Plan (2006). The site is not subject to any policy or landscape constraints. It is key that any scheme accords with the design policies within the Plan, ensuring that proposals respond positively to their surroundings.

Contact Details For further information please contact: Abigail Jones 01223 347 094 [email protected]

Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | April 2017