31-39a Burleigh Street

Attractive Retail Parade with Upper Part Storage

LOCATION

Cambridge is most famous as the home of the University of Cambridge which was founded in 1209 and consistently ranks among the best universities in the world. Cambridge is at the heart of the high-technology Silicone Fen or Cambridge Cluster which contains industries such as software and bioscience and many start-up companies born out of the University. The Cambridge Biomedical Campus, one of the largest biomedical research clusters in the world, includes the headquarters of AstraZeneca and the relocated Royal Papworth Hospital. The city is located adjacent to the M11 motorway and A14 Trunk Road with Cambridge national rail station less than an hour journey time from London’s King’s Cross. Burleigh Street is a pedestrianised thoroughfare and located between East Road (A603) and City Road in the City Centre to the west of the University of Cambridge main campus. It is situated 1 mile north of Cambridge National Rail station. Immediately to the rear of the property, the Grafton Centre has just received planning consent to provide a new 4 storey life science hub. The area will be completely redesigned with new public spaces, public artworks, restaurants, a hotel, and a refurbished cinema surrounding the labs. The retail provision of the Grafton Centre will be reduced in size. We believe this major redevelopment will add value to the area and in particular the subject property. Further information can be found on the Cambridge City Council web site.

KEY POINTS

• Attractive Retail Parade with Upper Part Storage
• Possible Redevelopment to provide ground floor retail and up to 18 residential apartments stp
• Adjoining New Grafton Centre Redevelopment Scheme
• Current Total Income £ 144,300 pa
• Freehold
• Offers Sought in excess of £1,800,000 stc
• Net Initial Yield 7.55%