Land For Sale £1,000,000
The Opportunity
Rare central Cambridge site with full detailed planning & conservation permission for 7 one & two bedroom luxury apartments & penthouses, with no affordable housing contribution.
The consented design provides each apartment with generous ceiling heights of a minimum of 2.4m (with Flat 7 at 2.6m). Other development design benefits and features include external spaces, comprising either private balconies or terraces, together with a 2 bedroom ground floor apartment with a private south facing garden.
The scheme has been designed to ensure each apartment enjoys views of Parkers Piece from balconies or terraces, in addition to first, second & third storey apartment bedrooms experiencing views of the historic Catholic Church of Our Lady and English Martyrs.
The Site
The site extends to c.0.07 acres and currently comprises 2 unoccupied garages. The site is accessed via Regent Terrace, a cul-de-sac, from Gonville Terrace adjacent to the award winning Hobbs House, another high quality residential apartment scheme.
The site is within walking distance to Cambridge Rail Station (0.7 miles), Cambridge City Centre (0.4 miles) and the River Cam (0.7 miles)
Location
Cambridge is a historic university city, located approximately 60 miles north of London. The site is situated in the heart of Cambridge, close to all the amenities the city has to offer, including extensive and diverse independent, national and international shopping outlets, including the Grand Arcade; arts and cultural establishments, restaurants, cafes, leisure facilities and open green spaces.
Cambridge Rail Station provides regular services to Kings Cross / St Pancras International, London Liverpool Street, Stansted Airport and the Midlands. There are excellent road links, with easy access to the M11, A14, A428 and A10.
Planning
The site benefits from Full Planning Permission granted by Cambridge City Council on 8th January 2021 for the “Demolition of existing garages and the erection of a new 4 storey building containing 7 apartments 6no. 1 bed and 1no. 2 bed”. The reference number is 20/03418/ful.
Within the application, there is a planning summary, with approved plans, illustrative masterplan and documentation, which can be found in the Microsite.
There are no commuted sums via Section 106 or similar Development Agreement. In addition, Cambridge City Council have elected not to adopt the Community Infrastructure Levy (cil), therefore there will be no further capital payments applicable to this scheme.
All working drawings will be provided within the Microsite and will be assigned free of charge to the Purchaser on completion by the Seller.
Tenure
The site will be sold Freehold and all Title Plans and information can be viewed within the legal section of the Microsite.
Price
Offers invited.
Overage
The Landowners will be seeking an overage provision and offers should make reference to this requirement as outlined on the bidding proforma which can be found within the Development Microsite.
Information Pack
A Microsite for additional information has been created, which includes Planning, Legal and Technical documentation and access details are available from the selling agent.
Tender
All tenders must be received by 12 noon on
Monday 29th November 2021 and should be
emailed to the agents whose contact details can be found within the brochure.
Timetable
• There will be several designated viewing days during the marketing period – the details for which will be disclosed in due course.
• Viewing by appointment only.
• Informal Tender Date: 12 noon Monday 29th November 2021
• Post-Bid Interviews: W/c 6th December 2021
• Preferred Bidder confirmed and issue Heads of Terms w/c 13th December 2021
• Exchange of Contracts w/c 7th February 2022
• Completion w/c 21st February 2022
VAT
The purchase price will be exclusive of VAT and the Vendor will be charging VAT at 20%.
Rare central Cambridge site with full detailed planning & conservation permission for 7 one & two bedroom luxury apartments & penthouses, with no affordable housing contribution.
The consented design provides each apartment with generous ceiling heights of a minimum of 2.4m (with Flat 7 at 2.6m). Other development design benefits and features include external spaces, comprising either private balconies or terraces, together with a 2 bedroom ground floor apartment with a private south facing garden.
The scheme has been designed to ensure each apartment enjoys views of Parkers Piece from balconies or terraces, in addition to first, second & third storey apartment bedrooms experiencing views of the historic Catholic Church of Our Lady and English Martyrs.
The Site
The site extends to c.0.07 acres and currently comprises 2 unoccupied garages. The site is accessed via Regent Terrace, a cul-de-sac, from Gonville Terrace adjacent to the award winning Hobbs House, another high quality residential apartment scheme.
The site is within walking distance to Cambridge Rail Station (0.7 miles), Cambridge City Centre (0.4 miles) and the River Cam (0.7 miles)
Location
Cambridge is a historic university city, located approximately 60 miles north of London. The site is situated in the heart of Cambridge, close to all the amenities the city has to offer, including extensive and diverse independent, national and international shopping outlets, including the Grand Arcade; arts and cultural establishments, restaurants, cafes, leisure facilities and open green spaces.
Cambridge Rail Station provides regular services to Kings Cross / St Pancras International, London Liverpool Street, Stansted Airport and the Midlands. There are excellent road links, with easy access to the M11, A14, A428 and A10.
Planning
The site benefits from Full Planning Permission granted by Cambridge City Council on 8th January 2021 for the “Demolition of existing garages and the erection of a new 4 storey building containing 7 apartments 6no. 1 bed and 1no. 2 bed”. The reference number is 20/03418/ful.
Within the application, there is a planning summary, with approved plans, illustrative masterplan and documentation, which can be found in the Microsite.
There are no commuted sums via Section 106 or similar Development Agreement. In addition, Cambridge City Council have elected not to adopt the Community Infrastructure Levy (cil), therefore there will be no further capital payments applicable to this scheme.
All working drawings will be provided within the Microsite and will be assigned free of charge to the Purchaser on completion by the Seller.
Tenure
The site will be sold Freehold and all Title Plans and information can be viewed within the legal section of the Microsite.
Price
Offers invited.
Overage
The Landowners will be seeking an overage provision and offers should make reference to this requirement as outlined on the bidding proforma which can be found within the Development Microsite.
Information Pack
A Microsite for additional information has been created, which includes Planning, Legal and Technical documentation and access details are available from the selling agent.
Tender
All tenders must be received by 12 noon on
Monday 29th November 2021 and should be
emailed to the agents whose contact details can be found within the brochure.
Timetable
• There will be several designated viewing days during the marketing period – the details for which will be disclosed in due course.
• Viewing by appointment only.
• Informal Tender Date: 12 noon Monday 29th November 2021
• Post-Bid Interviews: W/c 6th December 2021
• Preferred Bidder confirmed and issue Heads of Terms w/c 13th December 2021
• Exchange of Contracts w/c 7th February 2022
• Completion w/c 21st February 2022
VAT
The purchase price will be exclusive of VAT and the Vendor will be charging VAT at 20%.
