Hills Road, Cambridge CB2
Freehold | 0.5 acres (0.202 hectares)
RESIDENTIAL DEVELOPMENT OPPORTUNITY
Two full planning permissions have been received.
The first for 14 apartments, the second for 15 apartments.
For sale freehold.
The site is being offered by informal tender.
The site is being offered for sale freehold with vacant possession, the purchaser can decide which of the two planning permissions to implement
The site is being offered by informal tender, bids to be received by 12 noon on Friday 25 October 2019.
The site is situated on the junction of Hills Road and Queen Ediths Way in close proximity to Addenbrookes Hospital, with convenient access to the city centre, biomedical centre, railway station and other transport links.
The site extends in total to approximately 0.5acres (0.2 hectares).
There is an existing building already on the site which will need to be demolished. The site benefits from a number of mature trees, some of which will be retained as part of the development.
The site is owned freehold.
The site has not been elected for VAT and therefore it will not be charged on the purchase price.
The site has received two planning permissions, the purchaser can decide which one they prefer to implement Permission one Cambridge City Council planning reference 18/0806/FUL is for “Residential development containing 14 flats comprising 8x2-bed units and 6x1-bed units, along with access, car parking and associated landscaping following demolition of the existing buildings”
Permission two Cambridge City Council planning reference 17/1372/FUL and appeal reference APP/Q0505/W/18/321683 is for
“Introduction of a residential development containing ten 2 bed units and five I bed units, along with access, car parking and associated landscaping following the demolition of the existing building on site”
The unit number split in the Appeal Decision description related to the original planning application, this was amended during the planning process and the approved
plans accompanying the decision are eight 2 bed units and seven 1 bed units.
A viability argument was run on both applications, and it was agreed that no affordable housing would be required.
Each planning permission has a section 106 attached.
Full copies of the planning information relating to both consents will be included within the microsite.
A bespoke microsite has been set up and includes a considerable amount of information relating to the planning consents, legal pack, New Homes advice and informal tender form.
Access details to the microsite can be obtained
from the agents.