12 bedroom property with land for sale

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12 bedroom property with land for sale

Newmarket Road, Cambridge CB5
£1,500,000

Our Summary

  • Full planning approval for a mixed use redevelopment project in a central Cambridge location
  • 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

Description

This property is a redevelopment project in a central Cambridge location, with full planning approval granted in May 2023. The site currently generates a rental income of £56,740 per annum and consists of two retail units, three residential units, and workshops. The plans involve demolishing the existing block to the rear and constructing a mixed-use development with a ground-floor retail space and 12 one-bedroom residential units above, along with cycle parking and infrastructure. The project will retain most of the courtyard space and provide shared amenity space. The location is convenient, with excellent access to the A14 and M11, and is within walking distance of Cambridge city centre and its amenities. The property is also close to Cambridge Train Station, which offers regular services to London and other destinations.
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