Guide price
£4,000,000
Land for saleLong Road, Cambridge CB2
About this property
Investment opportunity - situated in prime south-city area.
Walking distance to Addenbrooke's Hospital/Biomedical Campus and Cambridge South Station
Collection of 8 apartments and 5 cottages set around a central courtyard providing parking and gardens
Currently tenanted - properties are in need of some updating in line with change of tenancies
The properties comprise a series of 5 cottages and 8 apartments situated around a central courtyard.
The cottages are all two storey, face onto Long Road and provide a mix of 2 and 3 bedrooms, all with 1 bathroom and kitchen and small courtyard garden. The configurations slightly differ for each - see floorplans in the accompanying brochure.
The apartments are situated to the rear of the courtyard and are all 2 bedrooms with 1 bathroom. Again, floorplans are within the sale brochure.
Each property is currently tenanted, further information is available upon request.
The apartments are slightly dated and some updating may be required between tenancies in the usual way.
Long Road is a popular location for investors and tenants - being just a few minutes’ walk/cycle from Addenbrooke's Hospital/Biomedical campus which is home to numerous key employers including Cancer Research UK, gsk, mrc, Cambridge Stem Cell Institute and AstraZeneca - consequently there is an ample supply of tenants.
In addition to this the new Cambridge South Station is located also at Addenbrooke's and connects into Cambridge Central and Cambridge North making this a convenient option for those working at the Science Park.
Having parking at this location is attractive to tenants as parking in this area is a prime requirement - there is limited parking within the area of the Hospital/Biomedical Campus resulting in the need to have parking
Other key employers in the area include many of the private schools which are located in the very near area - such as The Perse, The Leys and Long Road and Hills Road Sixth Form colleges. Opening the tenant demographic to those also connected with the schools.
The floor plans within the listing and the attached brochure illustrates a selection of the apartments and cottages, providing examples of typical sizes and layouts. It has not been possible to access all the apartments to prepare floor plans.
Energy Ratings
D – Cottage 127,127a, 133
C – Cottage 129,131 and apartments 1,2,3,4,5,6 (7 & 8 tbc)
Mortgage calculator
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