Overview
We are pleased to present a prime residential and commercial development opportunity situated in the heart of Cambridge, prominently positioned on Newmarket Road / Godesdone Road.
Full planning permission was granted on 5th May 2023 under reference 22/04356/FUL for the comprehensive redevelopment of the site.
The consent allows for the conversion and extension of the existing buildings, together with the demolition of the rear block at 1 Godesdone Road, to deliver a well-considered mixed-use scheme.
The approved development comprises a ground floor retail unit with 12 one-bedroom residential apartments positioned to the rear and above, representing a net gain of 9 units. The scheme also incorporates cycle parking and associated infrastructure.
The Site
The site extends to approximately 0.12 acres and currently comprises two retail units, three residential units, and a series of workshops arranged around a small rear courtyard. At present, the property generates an annual rental income in the region of £56,740.
Access to the site is provided via a covered passage between 185-189 Newmarket Road and 1 Godesdone Road.
The approved scheme will deliver a ground floor retail unit extending to approximately 1,237 sq ft, alongside 5,575 sq ft of residential accommodation, in addition to ancillary space. The design retains much of the existing courtyard while enhancing its configuration to create a more functional and attractive shared amenity space for residents.
Please note, some images have been professionally enhanced for marketing purposes.
Whilst every effort has been made to create accurate information, we would ask that any interested buyers carry out their own due diligence process. The information provided on these particulars, do not form part of any contract. Antony Davis are acting solely for the seller as their estate agent, and are not qualified valuation surveyors.
Tenure: Freehold