Cheffins will offer a series of rural refurbishment projects, as well as commercial investment opportunities and land at the firm’s property auction on 9th June.
Rural refurbishment projects available at Cheffins property auction
Hosted at the Cheffins salerooms in Cambridge, the June auction will once again follow the successful live-webcast format, that offers buyers the option to bid on the telephone, online or by proxy.
The largest refurbishment project is Parsonage Farm in Chrishall, Hertfordshire. This Grade II listed farmhouse is fully moated and sits in grounds of 0.9 acres. In need of full modernisation, the house comprises of four bedrooms, two bathrooms, kitchen, dining room, sitting room, drawing room and study as well as a large cellar and two attic rooms. There are exposed beams and large inglenook fireplaces, as well as mature gardens with a brick bridge over the moat. There is also additional land available by separate negotiation. The property has an estimate of £600,000.
Meanwhile, set in the heart of The Kings Forest, near Bury St Edmunds in Suffolk, there is a former forest workers cottage. The cottage, which was previously split into two, has three bedrooms, a sitting room, dining room, kitchen, pantry and a bathroom. It is set in 0.63 acres of gardens including a paddock and stable, as well as a small brick outbuilding. The semi-detached property was previously owned by the Forestry Commission, until it was sold to the present owner in the late 1990s. Other than its neighbouring cottage, the house sits completely alone, with no other properties for around a mile in all directions. The house needs renovation and has an estimate of £275,000.
There is a yard and buildings extending to 0.56 acres, just outside of the historic town of Clare in Suffolk. Including a large timber framed barn, a general-purpose store and a Nissan hut, the property may be suitable for other uses, subject to planning. It has an estimate of £100,000 - £125,000. Another opportunity is a range of barns in Ashdon, near Saffron Walden in Essex. The three barns are set in 1.65 acres and have been converted and fitted out to a residential specification but have a restriction on current use. They have internal floor areas of 968 sqft, 990 sqft and 1474 sqft, and have an estimate of £650,000 for the whole.
For those looking for a commercial investment, there is a prominent retail premises on Strait Bargate in Boston, Lincolnshire. Arranged over two floors, the property extends to over 3,000 sqft and includes a main retail area, storeroom, office, cloakrooms, offices and store. Currently let to Trespass, the property occupies a prime trading position, close to a number of national retailers including Specsavers, WH Smith, Post Office, Vision Express and Café Nero. It has a guide price of £275,000. There are also two industrial units available for purchase in St Ives. Unit 1 on Anglia Works in St Ives is an end terrace unit, of 2964 sqft, with extensive yard area, cloakrooms and two offices; it is offered freehold with vacant possession, with an estimate of £220,000. On the same industrial estate, Unit 2 has a current rental income of £14,250 per annum and comprises of 2964 sqft of industrial space, with a cloakroom and two offices as well as a yard area. Available freehold, subject to tenancy, the warehouse has an estimate of £200,000.
In the ever-popular land section, there is 3.47 acres of land in the village of Orwell in Hertfordshire. It has significant road frontage onto the A603 and has an estimate of £50,000. In addition, there is just over one acre of amenity land at Mangers Lane in Duxford, Cambridgeshire. Situated in the centre of this popular village, the land provides a rare opportunity to purchase such a parcel, in this sought-after south Cambridgeshire location.
Ian Kitson, Director, Cheffins says: “The June catalogue sees a series of hard-to-come-by rural refurbishment projects. Parsonage Farm is a fantastic opportunity for someone looking to create a beautiful family home, whilst the cottages in Kings Forest are in a tranquil location and could be perfect for buyers looking for somewhere to ‘get away from it all’. With residential property prices continuing to rise across the UK, and genuine renovation projects getting harder to come by in the current market, these two properties, as well as a series of other lots within the sale, will provide a great opportunity for both end-users and developers. We have seen demand for houses in rural locations hit new highs in the past 12 months, and this has brought with it greater competition in the auction room between both developers and private buyers. We have been delighted with how well the live-webcast auctions have been received by buyers and sellers alike; this modern take on our traditional auction offers bidders the chance to be involved in the sale from the comfort of their own surroundings.”
Cheffins’ property auction generated around £10,000 000 in the previous 12 months, throughout the East Anglia and Mid Anglia regions.
The auction will take place on Wednesday 9th June from 2pm, online at https://www.cheffins.co.uk/property-auctions.htm
Cheffins is a market leading firm of surveyors, valuers, property advisers and auctioneers. What distinguishes Cheffins is its unique range of specialisms and pre-eminence in them, regionally, nationally and internationally.