Land (Residential)

Offers in Excess £3,000,000

Mill Road, Cambridge, Cambridgeshire, CB1

UNDER OFFER
Property Description

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.

The sale will be dealt by informal tender on Wednesday 4th September.

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 34no 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 £3,000,000 (Three Million Pounds).

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
• Informal tender form

TIMINGS
Informal Tender 12noon Wednesday 4th September
Developer Interviews: Friday 6th September
Instruct Solicitors: Wednesday 11th September
Legal Meeting: Wednesday 2nd October
Exchange of Contracts: Wednesday 23rd October

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.

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