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Historic jewellery shop goes to Cheffins auction with guide price of £350k
A historic jewellery shop with a guide price of £350,000 will lead the second Cheffins property auction of 2023.
The building, situated at 43-47 High Street, Newmarket, was formerly the premises of A S Wigg and Son, a famous jeweller, which had been trading from Newmarket for over 140 years.
Opened in 1880, A S Wigg and Son closed on February 28th, 2023, following the retirement of Michael Wigg, who had worked there for over six decades.
The business was founded by Michael Wigg’s grandfather, Arthur Samuel Wigg, and was one of the largest jewellery businesses in the region.
Among the more unusual opportunities are two moorings on the River Little Ouse.
A S Wigg and Son also supplied the clock for Newmarket’s Jubilee clock tower, which was opened in 1890, and a number of the clocks for the town’s racing yards.
The building dates from the 17th century and comprises of a ground floor retail unit as well as housing above which stretches over numbers 43, 45 and 47.
In addition, there is a basement, a large garden, garage, and store, as well as off-road parking for two cars.
Number 47 has its own self-contained retail unit, which is currently let to Argent Salon Limited.
The property has a presale estimate of £350,000.
Among the more unusual opportunities are two moorings on the River Little Ouse.
Situated at North Bank, Brandon Creek, the two riverside moorings are adjacent to one another close to the River Little Ouse’s juncture with the River Great Ouse, which offers access to the wider network of waterways for cruising.
The moorings include 60 feet of frontage apiece and are close to the popular Ship Inn. The purchaser will also be granted a right-of-way over the embankment to their mooring and the right to park one vehicle in the nearby secure car park. Both moorings have an estimate of £35,000.
Also available at the auction is a thatched cottage in the popular village of Heydon, Hertfordshire.
There are ten land lots offered in total in the catalogue, with the largest being 18.7 acres of arable land at Over, Cambridgeshire, which is set to sell for £130,000.
This is followed by seven acres of agricultural land at Great Gransden, Bedfordshire, available for £100,000 – £120,000 and 6.38 acres of grassland between Cottenham and Wilburton, which is offered for circa £100,000.
The auction will take place on Wednesday 14th June, from 2pm, online at www.cheffins.co.uk
To view the catalogue, visit: https://www.cheffins.co.uk/property-auctions.htm
