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MapOffers in excess of
£1,500,00012 bedroom property with land for sale
Newmarket Road, Cambridge CB5
Land
12 beds
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
Full planning approval for a mixed use redevelopment project in a central Cambridge location. Comprising of a ground floor retail space and 12 1xbed residential units the site offers an immediate opportunity with the benefit of existing rental income.
Planning - Granted on 5th May 2023 planning reference number 22/04356/FUL permitted the conversion and extensions to the existing buildings including demolition of the existing block to the rear of 1 Godesdone Road to deliver a mixed use development comprising a ground floor retail space and 12 1xbed residential units (net increase 9) to the rear and above along with cycle parking and associated infrastructure.
The Site - The site extends to approximately 0.12 acres and currently comprises two retail units, three residential units and workshops laid around a small courtyard to the rear. The current property yields a rental income in the region of £56,740 per annum. The site is accessed between the retail unit at 185-189 Newmarket Road and 1 Godesdone Road, under a canopy. The completed scheme will comprise a 1,237 sq ft retail unit on the ground floor, with 5,575 sq ft of residential accommodation plus ancillary space. The proposals retain most of the courtyard space and seek to improve the layout to provide shared amenity space.
Location - The site is conveniently located on Newmarket Road, a main route from the east into Cambridge city centre, providing excellent access to the A14 and M11. The site is located within the Central Conservation Area; Godesdone Road is predominantly residential in character, while Newmarket Road is host to a number of commercial and residential buildings. Newmarket Road has undergone a significant regeneration with a number of developments taking place over the last few years, including a new Easy Hotel opposite the subject site. There are a number of local amenities nearby, including the Beehive Centre, Cambridge Retail Park, the Grafton Centre as well as a number of independent shops and restaurants. The property is within walking distance of Cambridge city centre and its wide array of amenities. Cambridge Train Station is 1.2 miles from the site, with regular services to Kings Cross / St Pancras International, London Liverpool Street, Stansted Airport and the Midlands.
Agents Notes - Tenure - Freehold
Council Tax Band - Various for individual units
Number & Types of Room - Please refer to planning drawings
Square Footage - Please refer to planning drawings
Parking - Off street with gated access
UTILITIES/SERVICES
Electric Supply - Mains
Water Supply - Mains
Sewerage - Mains
Heating - Gas
Broadband - Fibre available
Mobile Signal/Coverage - Good
Flood Risk - None noted
Rights of Way, Easements, Covenants -None noted
Conservation Area - Yes
Planning Permission - 22/04356/FUL
Planning - Granted on 5th May 2023 planning reference number 22/04356/FUL permitted the conversion and extensions to the existing buildings including demolition of the existing block to the rear of 1 Godesdone Road to deliver a mixed use development comprising a ground floor retail space and 12 1xbed residential units (net increase 9) to the rear and above along with cycle parking and associated infrastructure.
The Site - The site extends to approximately 0.12 acres and currently comprises two retail units, three residential units and workshops laid around a small courtyard to the rear. The current property yields a rental income in the region of £56,740 per annum. The site is accessed between the retail unit at 185-189 Newmarket Road and 1 Godesdone Road, under a canopy. The completed scheme will comprise a 1,237 sq ft retail unit on the ground floor, with 5,575 sq ft of residential accommodation plus ancillary space. The proposals retain most of the courtyard space and seek to improve the layout to provide shared amenity space.
Location - The site is conveniently located on Newmarket Road, a main route from the east into Cambridge city centre, providing excellent access to the A14 and M11. The site is located within the Central Conservation Area; Godesdone Road is predominantly residential in character, while Newmarket Road is host to a number of commercial and residential buildings. Newmarket Road has undergone a significant regeneration with a number of developments taking place over the last few years, including a new Easy Hotel opposite the subject site. There are a number of local amenities nearby, including the Beehive Centre, Cambridge Retail Park, the Grafton Centre as well as a number of independent shops and restaurants. The property is within walking distance of Cambridge city centre and its wide array of amenities. Cambridge Train Station is 1.2 miles from the site, with regular services to Kings Cross / St Pancras International, London Liverpool Street, Stansted Airport and the Midlands.
Agents Notes - Tenure - Freehold
Council Tax Band - Various for individual units
Number & Types of Room - Please refer to planning drawings
Square Footage - Please refer to planning drawings
Parking - Off street with gated access
UTILITIES/SERVICES
Electric Supply - Mains
Water Supply - Mains
Sewerage - Mains
Heating - Gas
Broadband - Fibre available
Mobile Signal/Coverage - Good
Flood Risk - None noted
Rights of Way, Easements, Covenants -None noted
Conservation Area - Yes
Planning Permission - 22/04356/FUL
Property information from this agent
About this agent
Established in 1825, Cheffins estate agency business operates from five offices across the Anglia region including Cambridge, Saffron Walden, Newmarket, Ely and Haverhill; we also have an office in London. We understand that moving house is a major event and we do everything we can to make it as smooth as possible. Cheffins has a proven track record in buying, selling and letting residential property. The team at Cheffins has significant market experience and buyers, sellers, landlords and tenants are accustomed to a dedicated personal and professional service delivered with integrity. Our London office team complement our regional expertise by getting exposure for your house to buyers and sellers in the capital providing an extra dimension to our regional service and making sure your house is seen by as many prospective buyers as possible. Call us today for a free, no obligation sales valuation on your property or to find out how much your property could be worth should you choose to rent it out.