About this property

Detailed Description

A substantial freehold mixed-use property occupying a prominent corner position on Mill Road, Cambridge. The property comprises a ground floor retail unit together with extensive residential accommodation and a secure rear yard extending to approximately 736 sq ft. Available with vacant possession, the
property presents opportunities for owner occupation, investment and asset management within one of Cambridge's most established commercial locations.

The property comprises a ground floor retail unit extending to approximately 1,590 sq ft together with a four bedroom self contained flat at first floor extending to approximately 1,340 sq ft. Occupying a highly visible corner site with frontages to both Mill Road and Hope Street, the property benefits from a secure rear yard extending to approximately 736 sq ft. Access is taken via an electric gate from Hope Street, a feature rarely available within this part of Cambridge and offering valuable servicing, parking and amenity potential.

The property is offered with full vacant possession, presenting a range of opportunities for owner occupiers, investors and developers alike.

The established Londis convenience store business may also be available by separate negotiation.

Potential exists to enhance and reposition the asset through a variety of asset management initiatives, including reconfiguration of accommodation, extension of existing floorspace and exploration of alternative uses, subject to planning and statutory consents.

The property is available with full vacant possession, allowing immediate occupation, refurbishment or implementation of an investment strategy.

A secure rear yard extending to approximately 736 sq ft, accessed via an electric gate from Hope Street, provides a valuable facility rarely encountered within the Mill Road market.

The combination of substantial retail accommodation, extensive residential accommodation and secure external yard space provides flexibility for owner occupiers, investors and developers alike.

Location

Mill Road is widely regarded as one of Cambridge's most established and characterful commercial destinations, serving a dense residential catchment and benefitting from strong levels of pedestrian activity throughout the day.

The property occupies a prominent corner position at the junction of Mill Road and Hope Street, providing excellent visibility and return frontage. The immediate area is characterised by a diverse mix of independent retailers, cafés, restaurants, convenience operators and service occupiers, contributing to Mill Road's enduring popularity with both businesses and consumers.

Cambridge city centre and Cambridge Railway Station are both within easy reach, whilst the surrounding residential neighbourhoods provide a substantial and affluent customer base.

Accommodation

Ground Floor Retail 1,590 sq ft | 147.7 sq m
First Floor Flat 1,340 sq ft | 124.5 sq m
Yard 736 sq ft | 68.4 sq m

BUILDING TOTAL 2,930 sq ft | 272.2 sq m

Business Rates

The retail premises are assessed for Business Rates purposes.

The residential accommodation is assessed separately for Council Tax purposes.

Interested parties are advised to make their own enquiries with Cambridge City Council and the Valuation Office Agency.

Services

The property is understood to be connected to mains electricity, gas, water and drainage.

Brown&Co have not tested any of the services and prospective purchasers should make their own investigations as to their condition, suitability and capacity for their intended use.

Viewing

Strictly by appointment with the Selling Agent.

VAT

It is understood that VAT will not be payable in addition to the purchase price. Interested parties should rely on their own enquiries and take appropriate professional advice.

Legal Costs

Each party will be responsible for their own legal costs and any other professional fees incurred in respect of the proposed transaction.