The Bulls Dairies building, one-time suppliers of Jersey Milk to the local residents in Cambridge, is to be sold at auction next week.
Originally a dairy, the buildings on 44 and 44A Hills Road were acquired by the Bull family in 1925 and have remained in their possession for almost 100 years. They have had a variety of uses over the years, including local favourite, Annabelle’s sandwich shop, and most recently, Manger to Go. The buildings still bear the original Bull’s Dairies mural, an iconic image on Hills Road, and which the owners would like a purchaser to retain if possible.
Number 44 and 44A Hills Road is a prominent, mixed-use investment property, including a commercial unit at ground and basement floors and a residential maisonette on the first and second floors. Minutes from Cambridge city centre, the commercial space is let to an established tenant.
There is a small rear yard with an external cloakroom, a series of sheds and pedestrian access to Russell Street. Above the commercial space, the residential maisonette has a private entry door from Hills Road. It comprises three bedrooms, two reception rooms and a kitchen. The property was recently let with a rent of £825pcm and there is an opportunity for this amount to increase following refurbishment.
Ian Kitson, from Cambridge-based auctioneers, Cheffins, commented: “Bull’s Dairies is a familiar image to anyone who knows Cambridge and it is an honour to be marketing such an important building. As Cambridge continues to be the shining light when it comes to UK property, mixed-use, investment opportunities such as this are a real rarity, and as a result, we expect the building to be hugely popular at our June sale. With property prices rising faster in Cambridge than anywhere else in the UK, the property is certain to garner interest from a variety of investors and potentially owner-occupiers.”
Lot 27, 44 and 44A Hills Road is offered with a guide price of £425,000 - £450,000, through Cheffins Auctioneers. The sale will take place on the 22 June at 2pm at 1-2 Clifton House, Cambridge, CB1 7EA.
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