This property presents a compelling investment opportunity in the heart of Cambridge, with full planning approval for a mixed-use redevelopment. The project includes the conversion and extension of existing structures to create a retail space on the ground floor alongside twelve one-bedroom residential units, representing a net increase of nine dwellings. Currently generating rental income from two retail units and three residential units, which together amount to approximately £56,740 per annum, this site not only offers immediate returns but also significant potential for capital growth in a rapidly regenerating area.
The proposed development will feature a substantial 1,237 sq ft retail unit complemented by over 5,500 sq ft of residential accommodation. Located strategically on Newmarket Road—an important thoroughfare connecting east Cambridge to the city center—the site benefits from various local amenities and excellent transport links just a short distance away.
The site spans around 0.12 acres and includes provisions for cycle parking and improved communal spaces within its courtyard setting. As part of the Central Conservation Area, there’s an inherent value in preserving community character while contributing to its vibrant growth landscape.
