No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Offers in excess of£1,500,000
Added > 14 days

12 bedroom property with land for sale

Newmarket Road, Cambridge CB5
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Land
12 bed
0 bath

Key information

Tenure: Freehold
Council tax: Ask agent
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
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Property description & features

  • Tenure: Freehold
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

Property information from this agent

Places of interest

    Cheffins is a leading firm of Estate Agents, Property Advisors & Auctioneers. Established in 1825, we have 7 offices covering the Eastern region and London, including Cambridge, Ely, Newmarket, St Ives,  Haverhill and St James Place, SW1 London.

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    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

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