Mill Road, Cambridge CB1

Mill Road, Cambridge CB1

Freehold | 0.29 acres (0.117 hectares)

SERVICED APARTMENT SCHEME
Full Planning Permission
36 Self-contained rooms
Ancillary, Cafe, Gym and Community Space
For Sale by Private Treaty

THE OPPORTUNITY
The site is being offered as a company sale.

The has the benefit of planning permission for an serviced apartment scheme with vacant possession.

LOCATION
The site stands in what is arguably Cambridge’s trendiest and most dynamic neighbourhood and is perfectly placed for access to the train station and the CB1 tech quarter, the Addenbrookes biomedical campus, and the university colleges and departments of the city centre.

THE SITE
The existing building covers the majority site with frontages to both Mill Road and Coleridge Road with rear parking and access yard.

The majority of the existing buildings to be demolished, only retaining the existing BLI frontage to Mill Road.

The site is generally rectangular in shape and extends in total to 0.12 hectares (0.29 acres).

PLANNING
Full planning permission ref: 19/0004/FUL has been secured for “Serviced apartment (sui generis use class) scheme containing 39no self-contained 1xbed room units along with café, gym and community space at ground level with a vehicle drop-off zone, disabled parking space, cycle parking and associated landscaping and retention of existing BLI frontage.”

There was a typo on the decision Notice and the approved scheme is for 36no as shown on the approved plans.

Due to the serviced apartment consent there is no affordable housing requirement or S106 agreement.

We have created an information pack which can be accessed via a bespoke microsite.

PRICE
Offers in excess of £2,500,000, by Private Treaty.

VAT
The site has not been elected for VAT and therefore will not be charged on the site.

INFORMATION PACK
A bespoke microsite has been created and includes:
• Information on the planning permission
• Registered Title information
• A copy of the company details

FURTHER INFORMATION
Should you require any additional information please contact Nick Muncey on 01223 326817 or nick.muncey@carterjonas.co.uk alternatively Charles Harris on 01223 346596 or Charles.harris@carterjonas.co.uk.

Key Property Details
Location
Brownfield Urban
Plot Range
21 to 50 Plots
Use
With Planning Apartments Mixed Use
Tenure
Freehold
Size of land
0.29 acres (0.117 hectares)
Carter Jonas reference
PDE190012
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