Freehold Commercial, Residential and Development Opportunity in University City
Renowned and Historic University City
Comprises a former funeral parlour with separately-accessed two bed apartment
Ground floor vacant; Apartment let on AST
Change of Use Opportunities including Residential & Student Housing (subject to consents)
Established residential location with excellent local shopping facilities
Less than one mile from City Centre and University of Cambridge
VAT not applicable
Lot 4
Auction 9th May 2024
Rent £13,200 per Annum Exclusive plus vacant Ground Floor
Status Available
Guide* £400,000 - £420,000
Sector Development
Auction Venue Live Streamed Auction
On the Instructions of Dignity Funeral Directors
Property Information
Location
Miles
1 mile north of Cambridge City Centre, 27 miles south of Peterborough, 47 miles north-east of Central London
Roads
A11, A14, A428, A1134, M11 (Junction 32)
Rail
Cambridge Railway Station, Cambridge North Railway Station
Air
London Stansted Airport
Situation
The property is prominently situated on Victoria Road (A1134), at its junction with Fisher Street, in an established residential location to the north of the City Centre. The property is located less than one mile from the City Centre and University of Cambridge and within walking distance of Jesus Lock, Jesus Green and Midsummer Common. The immediate vicinity offers excellent shopping facilities on Victoria Road, Histon Road and Mitcham's Corner including a bakery, local butchers, pubs and restaurants.
Tenure
Freehold.
Location
Miles
1 mile north of Cambridge City Centre, 27 miles south of Peterborough, 47 miles north-east of Central London
Roads
A11, A14, A428, A1134, M11 (Junction 32)
Rail
Cambridge Railway Station, Cambridge North Railway Station
Air
London Stansted Airport
Situation
The property is prominently situated on Victoria Road (A1134), at its junction with Fisher Street, in an established residential location to the north of the City Centre. The property is located less than one mile from the City Centre and University of Cambridge and within walking distance of Jesus Lock, Jesus Green and Midsummer Common. The immediate vicinity offers excellent shopping facilities on Victoria Road, Histon Road and Mitcham's Corner including a bakery, local butchers, pubs and restaurants.
Tenure
Freehold.
Description
The property comprises a former funeral parlour arranged on the ground floor & a separately-accessed two bed split level apartment on the first floor, let on an AST. The property benefits from parking for about 4 cars to the rear.
VAT
VAT is not applicable to this lot.
Planning
The property may lend itself to residential conversion, alternative uses and/or redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with Cambridgeshire City Council. (www.cambridgeshire.gov.uk) (Phone: 01223 457000)
Viewings
There will be one accompanied viewing date on Tuesday 30th April at 12 noon. If you would like to inspect, please confirm your attendance with your name and mobile number to henry.john@acuitus.co.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a former funeral parlour arranged on the ground floor & a separately-accessed two bed split level apartment on the first floor, let on an AST. The property benefits from parking for about 4 cars to the rear.
VAT
VAT is not applicable to this lot.
Planning
The property may lend itself to residential conversion, alternative uses and/or redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with Cambridgeshire City Council. (www.cambridgeshire.gov.uk) (Phone: 01223 457000)
Viewings
There will be one accompanied viewing date on Tuesday 30th April at 12 noon. If you would like to inspect, please confirm your attendance with your name and mobile number to henry.john@acuitus.co.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Ground
Commercial/Ancillary
80.96
(871)
VACANT
-
-
First
Residential - 2-bed apartment
65.56
(695)
AN INDIVIDUAL
AST from 13/07/2023 at £1,100 pcm
£13,200
Total
146.52
(1,566)
£13,200
NB: Please note that there is a restriction on funeral use for this property- please see the legal pack for details.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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