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20 lots go at Cheffins

The Negotiator

Salon46 imageThe lots included amenity land, commercial and residential property opportunities, with the star of the sale being the landmark Bulls Dairies (pictured) site on Hills Road, Cambridge, which sold for £608,000, £183,000 over its original guide price. The mixeduse building which includes a prominent commercial unit and a residential maisonette attracted fierce competition between a variety of investors, owner-occupiers and developers.

A number of lots sold for well over the asking price, including 6.94 acres of land near Newmarket which sold for £102,000 off of a guide of £65,000. Similarly a derelict barn in the centre of St Ives, just outside of Cambridge sold for £47,000, off of a guide price of £10,000.

Simon Gooderham, Director, Cheffins, said, “Despite pre-Brexit fears, we had more people in attendance of last week’s auction than ever before. There was a real buzz in the room and some frantic bidding on many of the lots. There was an incredibly strong demand for amenity land throughout the Greater Cambridge region, in addition to fierce competition for Cambridge city centre investment opportunities.

Last year, Cheffins had a record-breaking twelve months with £13m worth of sales throughout the year. Cheffins next sale is the 28th September.

September 23, 2016

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