A prominent Grade II Listed building close to Ely Cathedral has been placed on the market.
Cheffins is currently marketing 2-4 High Street - which is part-occupied by Wade’s of Ely opticians – for £650,000.
The three-storey property consists of two ground-floor retail premises, with upper sections over the first and second floors.
There is also a basement and a courtyard.
While some work will be needed to utilise the building to its full potential, Cheffins agent Luke Davenport says there is so much on offer.
He said: “This is a good, long-term investment for the right buyer. This is a rare freehold opportunity – and someone could do so much with this property.
“The ground floor units have historically been let for retail purposes, and Wade’s of Ely has the lease until 2032.
“The second floor has previously been used as a flat. This could be refurbished, and in my opinion, it would make a stunning holiday let for visitors to the city.”
The building is currently owned by the Wade family and any redevelopment would be subject to the relevant planning permission being secured.
The Wade’s of Ely part of the building at 2, High Street also has a frontage on Minster Place.
Its lease covers the basement, ground and part of the first floor areas.
Meanwhile, 4, High Street is currently vacant with the previous tenant occupying the ground, first and second floor areas.
Mr Davenport added: “The property is approximately 3,000 sq ft – and that’s probably one of the largest along the High Street in Ely.”
Cheffins is also marketing the lease for the former Edinburgh Woolen Mill retail unit next door to Wade’s of Ely at 4 Minster Place.
While elements of the building are being refurbished at the moment, Mr Davenport added there has been lots of interest in the unit.
Further details about both opportunities are available on the Cheffins website.
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