Retail premises for sale in 38 & 38A Chesterton Road, Cambridge, Cambridgeshire CB4

For sale by auction on Wednesday, 01 May 2024 at 11:00

Venue: Livestream Auction

A freehold retail shop in a busy shopping area offered with vacant possession on completion

This freehold premises was previously a private shop but is now offered with vacant possession. The property offers a shop area and an external w.c. The leasehold flat is on a 125 year lease assigned in 1998 but has been sold off and is currently paying £25 pa ground rent.

The University of Cambridge famous for its colleges offers a variety of shopping and recreational facilities together with a main line rail link into London Liverpool Street and Kings Cross.

Shop
Shop area and an external w.c.

Flat
The flat has been sold off and are is 125 year leases assigned in 1998.

Buisiness Rates
According to the valuation office website the shop has a rateable value of £10,500 with effect from 1st April 2023.

EPC Rating: B

Additional Fees
Buyers Premium: £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides 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 (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.