A prime Ipswich development site, in the Waterfront area, is for sale by auction on Wednesday June 21, with a guide price of £500,000. The highest value lot in the Cheffins June sale is the 0.52 acres of industrial land in Ipswich.
Formerly the distribution depot of the JJ Wilson Ltd, the local fruit and vegetable packing business, it now has allocation in the Local Plan for up to 18 new homes.
It has been in the ownership of the same family since the 1950s and originally comprised of a number of terraced houses which were demolished to make way for the depot which is now in place.
The site is positioned less than 200 metres to the east of the Neptune Marina and the new University of Suffolk Campus. It carries a guide price of £500,000.
So the plan for the site is to return it to housing.
Cheffins second property auction of this year will see 19 lots auctioned on Wednesday the 21st June at the firm’s salerooms in Cambridge.
One of the lots set to generate the most interest is the former Ambulance Station in Soham, near Ely, which is expected to fetch over £15,000. Built in the 1920s, it could suit a variety of uses.
Another property set to see competitive bidding is in Exning, near Newmarket. This includes an attractive lock-up shop and two self-contained residential flats. Previously a beauty salon, it is in need of complete refurbishment but offers potential to reinstate the shop and generate a rental income from the two flats. It is offered for sale with a guide price of £150,000.
Kentford Village Hall, near Newmarket is also set to go under the hammer.
It was built in the 1890’s as the village’s primary school and has not been used for the past ten years. The building now has outline planning permission for demolition and to be replaced by two, three-bedroom detached houses on the 0.3 acre site.
The combined villages of Kentford and Kennett are in the process of building a new village hall in replacement. It has a guide price of £250,000.
For those looking for a buy-to-let investment, there is a property in Risby, five miles from Bury St Edmunds, which contains three flats and two garages.
Another village building which is set to be sold is 2 Chilton Grove Bungalow in Chilton Grove near Sudbury.
This pre-fabricated property was built as a personnel hut during the First World War within the now disused Chilton Airfield before it was converted into a house in the 1990’s. It is now in derelict condition and currently comprises of an entrance hall; two bedrooms; a sitting room; a kitchen and a bathroom, on a 0.3 acre plot. It has a guide price of £90,000 and offers potential for extension or replacement, subject to planning permission.
The auction will take place on the June 21 from 2pm at Cheffins, Clifton House, 1&2 Clifton Road, Cambridge, CB1 7EA
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