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12 bed property, in Newmarket Road, £1,500,000
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Land

Newmarket Road, Cambridge, CB5 8HA
Land Planning
£1,500,000

Our Summary

  • We are pleased to present a prime residential and commercial development opportunity situated in the heart of Cambridge, prominently positioned on Newmarket Road / Godesdone Road
  • Full planning permission was granted on 5th May 2023 under reference 22/04356/FUL for the comprehensive redevelopment of the site

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Description

The property is located at the intersection of Newmarket Road and Godesdone Road in Cambridge, covering approximately 0.12 acres. It consists of two retail units, three residential units, and a series of workshops, with a small rear courtyard. The site currently generates an annual rental income of £56,740 through the existing units.

The approved development scheme will replace the existing buildings with a mixed-use scheme comprising a ground floor retail unit (1,237 sq ft), 5,575 sq ft of residential accommodation, and ancillary space, including 12 one-bedroom apartments, cycle parking, and a shared amenity space.