Former timber workshop fetches almost £100,000 at auction

The workshop and yard, in Stretham.

The workshop and yard, in Stretham. - Credit: Archant

A workshop and yard located on the A10 near Stretham has sold for almost £100,000 at auction.

The property measures about a third of an acre and features a workshop area, office cloakroom and small kitchenette.

According to auctioneers Cheffins, the yard was formerly used for the sale of timber sheds and other buildings.

It is understood that the property is connected to mains water and electricity, whilst heating has been provided by a diesel powered boiler.

It had a guide price of £90,000 to £100,000 and went under the hammer on December 3 – eventually selling for £99,000.

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Cheffins auctioneer Simon Gooderham said: “The popularity of auctions is that a deal is done at the fall of the hammer. There can be no gazumping or attempts to re-negotiate the price, which can sometimes happen when property is sold by other means.”

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