143 - 149 Newmarket Road, 143-149 Newmarket Road CB5

143 - 149 Newmarket Road, 143-149 Newmarket Road CB5

3,128 sq ft (290.6 sq m)

Cambridge 1 miles
Elizabeth Way 0 miles
River Lane 0.1 miles

Cambridge Freehold Opportunity For Sale

- Redevelopment potential subject to planning
- Area of significant regeneration
- Opportunity for an owner-occupier
- Vacant Possession
- Available as a whole or in parts

No. 143 - 147 comprises of a three storey brick built building (currently used as D1 accommodation) set under a flat roof. There is under-croft parking for up to six cars with the main entrance into the building facing Newmarket Road. The windows are of aluminium double glazing.

Internally the ground floor comprises a reception area and corridors leading to the under-croft parking and stairs to the upper levels. Modern male and female W/C facilities are located on the stairwells.

The first floor has been fit out to provide modular office accommodation with carpeting, raised flooring, suspended ceilings and recessed lighting throughout.

The second floor also provides office accommodation with raised flooring and suspended ceilings.

The garages are all no longer in use and would require redevelopment or refurbishment.

No. 149 is a shop and former post office comprising of a two storey brick built building with ground floor sales and store room with a two bed residential flat above. The unit is set under a pitched tiled roof. The shop front is fully glazed with the first floor elevation containing plastic cladding. The windows at first floor level are wooden with single glazing. The residential flat is accessed through the shop.

The shop and the flat would require significant refurbishment for the space to be let in the current market.

Key Features

  • Available as a whole or in parts
  • Redevelopment potential STP

Location

Cambridge is a prosperous regional city located approximately 53 miles north of London benefiting from regular train services providing access to London Kings Cross in just under 47 minutes. Cambridge has a network of arterial roads providing access to the A1 and M11 via the A14 which both in turn connect to the M25.

Newmarket Road has undergone a transformation with many properties being majorly redeveloped and new sites coming forward such as the Ninja Theory office. It has also seen two hotels with Premier Inn and Travelodge along with additional new residential and student accommodation. Newmarket Road also benefits from large national occupiers located on the retail and trade parks.

The property is situated on the northern side of Newmarket Road close to the junction with East Road and Elizabeth Way. The site is accessed heading east out of the city centre neighbouring Abbey Church and a residential dwelling. The site is located opposite the residential development known as Beacon Rise.

Terms & Conditions

143 - 147 Newmarket Road is presently D1 use but is limited to a sixth form college use only within the D1 classification. A change of use application is being undertaken for B1(a), B1(b) and D1.
No.149 is identified within the Conservation Area Appraisal as a 'building important to the character', however discussions with the Council's conservation Officers have established that this importance lies within the domestic scale and form of the building and not because of any inherent architectural or historic merit.

The site falls within the Eastern Gate Development Framework planning policy area and also falls within the Riverside and Stourbridge Conservation Area. The Eastern Gate Planning Policy Area is an area within Cambridge that is widely recognised as needing improvement to the physical environment within the study area.

Situational Details
Tenure
Freehold Application
Size
3,128 Sq Ft 290.6 Sq M
Type
A1 (Retail) D1 (Non-residential institutions)
Carter Jonas reference
20010460
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