25/01/2023
News
Laboratory investment in Cambridge sold to private investor in £2.77m deal
Eddisons’ Cambridge agency team has sold a Cambridge office and laboratory building to a private investor for £2.77m.
The 11,75 sq ft high quality, recently refurbish Murdoch House building is located off Newmarket Road approximately 1 mile from the Cambridge City Centre.
The premises are currently fully occupied by science-based companies Qkine Ltd and Spotta Ltd.
Ben Green, Agency Director at Eddisons said: “We are delighted to have achieved this result for our client after a competitive bidding process. Laboratories are a sought after asset class and the acute imbalance of supply and demand in Cambridge makes it target location for investors”.
“With a lack of freehold investment opportunities it was little surprise that the property attracted good interest and achieved in access of the asking price.”
The sale price reflected a net initial yield of 5.6%.
For more information on commercial property investment opportunities in Cambridgeshire, contact Ben Green at the local office of Eddisons on 01223 448791 or Ben.Green@eddisons.com.
