Summary - Newmarket Road, Cambridge CB5 8HA
12 bed 1 bath Land
**Standout Features:**
- **Location:** Central Cambridge on Newmarket Road with excellent access to amenities and transport.
- **Planning Approval:** Full planning granted for a mixed-use redevelopment comprising a ground floor retail space and 12 one-bedroom residential units.
- **Current Income:** Property generates rental income of approximately £56,740 per annum.
- **Size:** Site extends to about 0.12 acres with a total area of 5,575 sq ft, promising ample space for development.
**Concerns:**
- **Crime Rate:** High crime levels in the area.
- **Noise:** Urban environment may bring noise from surrounding roads and businesses.
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Welcome to a unique redevelopment opportunity in the heart of Cambridge! This spacious site, located on bustling Newmarket Road, has recently received full planning permission (Ref: 22/04356/FUL) for a mixed-use project featuring a 1,237 sq ft retail unit paired with 12 stylish one-bedroom residential units. With an impressive total area of 5,575 sq ft, this property not only offers an established rental income but also remarkable potential for future growth.
Situated in a dynamic area, residents will enjoy quick access to Cambridge's vibrant amenities while still being close to transport links, with Cambridge Train Station just 1.2 miles away. As part of a rapidly regenerating neighborhood, this investment is well-positioned to benefit from the evolving local landscape. Please note the property is located in a high-crime area, which should be considered when evaluating this prospect. Don’t miss your chance to invest in this sought-after postcode, where urban lifestyle and convenience meet potential for significant returns.
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