10/04/2024
News
Freehold offers fresh view of Cambridge Lensfield Road property
The availability of a freehold property on Lensfield Road in Cambridge city centre offers the opportunity to review the best use of accommodation which currently comprises retail and offices.
That’s the view of Eddisons, who holds the exclusive agency on the freehold sale of the property which spans 69 & 71 and 69a & 71a Lensfield Road.
Totalling, approximately, 4,120 sq ft (383 sq m) net internal area, a ground floor retail unit - with two basements and an adjoining workshop - occupies 1,965 sq ft (183 sq m). The rest of the accommodation is formed from two sets of offices spread across first and second floors, with independent accesses off Lensfield Road and Brookside.
Eddisons advises that the freehold incorporates an area of pavement on Lensfield Road.
On the corner of Lensfield Road and Brookside, the property’s central location in the historic city centre is in the immediate vicinity of many Cambridge landmarks including the Botanic Gardens, the Fitzwilliam Museum, in addition to several colleges of the University of Cambridge.
Ben Green, Director, Eddisons, believes it’s a property instruction that could appeal to developer investors given its scope for refurbishment or redevelopment, subject to planning consents. Or, equally, it could attract interest from owner occupiers operating in a range of commercial sectors, including retail and education provision.
He added, “Such freehold opportunities rarely become available in central Cambridge so we expect a good level of interest. Of particular appeal is the property’s prominence and its accessibility by foot to the city centre and central railway station”.
“It presents the opportunity for a fresh look and making best use of space to fulfil its investment and operational potential for its next occupiers.”
The freehold of 69 & 71 and 69a & 71a Lensfield Road, Cambridge is being offered with vacant possession for offers over £1.25 million.
For more information, contact Ben Green at Eddisons Cambridge, tel 01223 467155 [email protected]
Viewing is strictly by appointment through the agents and more information is available on enquiry.
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