Freehold Restaurant and Vacant Workshop and Self Contained Residential Uppers Parts
Restaurant Let Until 2028 (no breaks)
Busy Town Centre Location
Nearby occupiers include Dominos, Co-Op and a mix of local retailers and restaurants.
Lot 41
Auction 22nd September 2022
Rent £18,000 per Annum Exclusive
Status Sold
Price £257,500
Sector Restaurant
Auction Venue Live Streamed Auction
Property Information
Location
Miles
4 miles south of Ely, 14 miles north-east of Cambridge, 28 miles south of Kings Lynn
Roads
A10, A14, A11
Rail
Ely Railway Station
Air
London Stansted Airport
Situation
The property is situated on the east of Churchgate Street in the heart of Soham town centre. Nearby occupiers include Dominos, Co-Op and a mix of local retailers and restaurants.
Tenure
Freehold.
Location
Miles
4 miles south of Ely, 14 miles north-east of Cambridge, 28 miles south of Kings Lynn
Roads
A10, A14, A11
Rail
Ely Railway Station
Air
London Stansted Airport
Situation
The property is situated on the east of Churchgate Street in the heart of Soham town centre. Nearby occupiers include Dominos, Co-Op and a mix of local retailers and restaurants.
Tenure
Freehold.
Description
The property comprises a ground floor restaurant with self contained residential flat on the first floor. The property benefits from single storey workshop to the rear with vacant possession.
VAT
VAT is applicable to this lot.
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 ground floor restaurant with self contained residential flat on the first floor. The property benefits from single storey workshop to the rear with vacant possession.
VAT
VAT is applicable to this lot.
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.
Review/(Reversion)
Ground First
Restaurant Self Contained Flat
169.68 Not Measured
(1,826) -
INDIVIDUAL t/a Ali Taj
10 years from 01/08/2018
£18,000
01/08/2023 (01/08/2028)
Ground
Workshop
145.07
(1,561)
VACANT POSSESSION
Total Approximate Commercial Floor Area
314.75
(3,387)
£18,000
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.