Best bids secure office freehold in central Cambridge location
The freehold of ‘one-off’ office premises in the centre of Cambridge has been sold by Eddisons incorporating Barker Storey Matthews in a deal which went to best bids and achieved in excess of the asking price.
The two storey premises, totalling 1,328 sq ft (123.35 sq m), are at 1 Pemberton Place, in the area of the city bordered by Lensfield Road, Brookside and Panton Street.
The freehold of the property, with parking, and planning consent for change of use to residential was offered for sale through Eddisons as the sole agent on behalf of the vendor.
The agent confirmed that there was keen interest from a number office users and other parties attracted by residential opportunities.
The freehold sale price achieved in excess of £465,000 and, according to Eddisons, the new owner intends to convert the property for residential use.