About this property
Key Features
Freehold part vacant and part let
Offered as Lot 2 of 4 adjacent lots
Income of £34,200 per annum
Concrete yard with an extensive range of buildings extending in total to 1.79 acres with development potential STP
Description
A secure concrete yard with a range of storage and workshop buildings which are part let and part vacant. The property also includes an area of mature orchard with a separate building off-lying from the main yard.
The property extends in total to 1.79 acres with two separate access points, one from Malton Lane and one from North End. The site provides scope for use as a commercial premises, either as an owner occupier or for investment, as well as potential for residential development with the eastern end of the site being situated within Meldreth village development framework.
Workshop (15.96m x 4.30m) of timber frame with asbestos roof, asbestos panel cladding with window openings with sliding door, on concrete floor.
Woodwork Workshop (18.32m x 8.97m) of steel frame and timber trusses under steel profile clad roof and side cladding with window openings and sliding door, on concrete floor.
Black Barn (6m x 18.32m) of timber frame construction with box profile roof and side cladding, timber board internal divisions creating 5 lock-up garages, each with electric roller shutter doors and concrete floor.
Storage Units (26m x 8.2m) of steel portal frame construction under a fibre-cement roof with steel profile side cladding, timber and steel internal divisions creating 5 self-contained units each with electric roller shutter doors, pedestrian access doors and concrete floor.
Metalwork Workshop (5m x 7.1m) - a concrete block workshop building with double timber sliding doors.
Storage Containers – 10 x 20 foot lock up storage containers.
Tenure
Freehold part vacant and part let
Location
Northfield House and Yard is located in the popular village of Meldreth which has a good range of local services and amenities. The village has excellent transport links, with Meldreth Station providing mainline rail services between London and Cambridge, and easy access to the nearby A10 and A505 road networks. Meldreth is located approximately 10 miles from the University City of Cambridge and 3 miles from the market town of Royston.
Auctioneers Note
The property is sold subject to a Development Overage for a period of 30 years from completion in the event that planning permission, change of use, permitted development is granted for residential use.
The uplift will be for 30% of any net development value and the Overage Payment will be triggered by implementation of planning permission or sale of the property with planning permission and payable within 1 month of the trigger date.
Wayleaves, Easements, Covenants and Rights of Way
The property is sold subject to all wayleaves, easements, covenants and rights of way whether or not disclosed.
Overflow
Green Barn (28m x 14m) 5 bay galvanised steel frame building with insulated profile sheet side and roof cladding, concrete floor, roller shutter door and single side door.
Agricultural Barn (15.71m x 10.82m) of timber pole construction with 4 open fronted bays, profile sheet roof and side cladding, and earth floor.
Mains water and electricity are connected to the yard and buildings.
Lot Type
Residential
Planning
There are no planning applications relating to the use of the buildings for commercial purposes. Buyers should satisfy themselves on all matters relating to the planning uses of the buildings.
Prior Approval was granted for the Green Barn for agricultural storage by South Cambs District Council on 18th September 2008.
The mature walnut trees at the Malton Lane entrance to Lot 2 are subject to a Tree Preservation Order.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Michael Gill at Tees Law, Tees House, 95, London Road, Bishops Stortford, Hertfordshire, CM23 3GW
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices 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 price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�