143–149 Newmarket Road, Cambridge, CB5 8HA
£2,000,000
£248.73 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
8,041 sq ft
747 sq m
- SECTOR
Office for sale
Key features
- The freehold opportunity comprises an office, Logic House, offered with vacant possession (3,408 sqft) and the adjacent rear land (comprising 0.191 acres) consented for residential use (4,633 sqft).
- Strategically located on Newmarket Road, a key arterial route into central Cambridge.
- Part-completed residential development comprising two new-build blocks with planning consent for 10 flats (Use Class C3).
- Block A fronts Newmarket Road and is consented for 2 self-contained flats (1x 1-bed, 1x 2-bed maisonette).
- Block B is positioned to the rear and is consented for 8 flats (all 1-bed) across two storeys, served by a passenger lift.
- Logic House has potential for office refurbishment or alternative uses (STPP), with precedent set for residential conversion under permitted development. (outside article 4 zone).
- Offers are invited in excess of £2,000,000 (Two Million Pounds) for the Freehold interest (stc).
Description
Description
Logic House, 143-147 Newmarket Road:
Logic House is a detached three-storey office building of traditional construction, occupying its entire plot with on-site parking.
The ground floor currently includes a small lobby/reception and an enclosed undercroft space, part of which is proposed to be converted into office accommodation with street access. The remaining ground floor area provides cycle/storage facilities and access to a plant room.
The upper floors offer open-plan office space with suspended ceilings, air conditioning, gas central heating, and good natural light. There are modern WCs located on each half-landing and a kitchenette on the second floor.
149 Newmarket Road:
149 Newmarket Road comprises a part-completed residential development site located directly adjacent to Logic House. The property currently consists of two newly constructed timber frame buildings, part of a wider redevelopment scheme that is now mid-build.
Block A sits at the front of the site, facing Newmarket Road. It is a three-storey structure with internal layouts in place for two residential units. The external frame and shell have been erected, and first fix works are underway in some areas.
Block B is located at the rear of the site and forms a two-storey block with a central stair and lift core. The block is designed to accommodate eight 1-bedroom flats. The superstructure is complete, and partitioning works have begun internally.
Both blocks are formed of modern timber frame construction with insulated panel systems. The roofs are pitched and finished in zinc. Windows and external cladding are partially installed.
Location
Cambridge is a globally recognised city, known for its University, biotech and innovation hubs, and excellent transport connectivity. Logic House is located on Newmarket Road, approximately 1 mile east of the city centre and close to Cambridge Railway Station. The area benefits from ongoing redevelopment and a diverse mix of residential, commercial, and leisure uses.
Planning & Development Potential
149 Newmarket Road:
149 Newmarket Road has been granted planning permission (Ref: 20/01125/FUL) for the demolition of 149 Newmarket Road and the construction of two new residential blocks comprising 10 self-contained flats. Certificate of lawful development confirming lawful implementation granted 31 May 2024 (Ref: 24/01322/CLUED).
The residential scheme is part-completed and comprises timber frame construction with high-spec finishes proposed. It includes associated landscaping, refuse storage, and 32 cycle spaces.
Logic House, 143-147 Newmarket Road
143-147 Newmarket Road (known as Logic House) has been utilised as Offices (Class B1) and/or education as uses (D1), albeit the building is suitable for a variety of uses (STPP).
Though functional, the building would benefit from refurbishment to bring it in line with modern standards — offering clear potential for improvement and uplift. Planning consent (Ref: 19/0972/FUL) allows for both B1 (office) and D1 (education) uses. Previously used by Cambridge Seminars College.
The building falls outside of Cabridge’s Article 4 Directions, meaning that it is capable of Residential Conversion under Permitted Development.
Logic House, 143-147 Newmarket Road:
Logic House is a detached three-storey office building of traditional construction, occupying its entire plot with on-site parking.
The ground floor currently includes a small lobby/reception and an enclosed undercroft space, part of which is proposed to be converted into office accommodation with street access. The remaining ground floor area provides cycle/storage facilities and access to a plant room.
The upper floors offer open-plan office space with suspended ceilings, air conditioning, gas central heating, and good natural light. There are modern WCs located on each half-landing and a kitchenette on the second floor.
149 Newmarket Road:
149 Newmarket Road comprises a part-completed residential development site located directly adjacent to Logic House. The property currently consists of two newly constructed timber frame buildings, part of a wider redevelopment scheme that is now mid-build.
Block A sits at the front of the site, facing Newmarket Road. It is a three-storey structure with internal layouts in place for two residential units. The external frame and shell have been erected, and first fix works are underway in some areas.
Block B is located at the rear of the site and forms a two-storey block with a central stair and lift core. The block is designed to accommodate eight 1-bedroom flats. The superstructure is complete, and partitioning works have begun internally.
Both blocks are formed of modern timber frame construction with insulated panel systems. The roofs are pitched and finished in zinc. Windows and external cladding are partially installed.
Location
Cambridge is a globally recognised city, known for its University, biotech and innovation hubs, and excellent transport connectivity. Logic House is located on Newmarket Road, approximately 1 mile east of the city centre and close to Cambridge Railway Station. The area benefits from ongoing redevelopment and a diverse mix of residential, commercial, and leisure uses.
Planning & Development Potential
149 Newmarket Road:
149 Newmarket Road has been granted planning permission (Ref: 20/01125/FUL) for the demolition of 149 Newmarket Road and the construction of two new residential blocks comprising 10 self-contained flats. Certificate of lawful development confirming lawful implementation granted 31 May 2024 (Ref: 24/01322/CLUED).
The residential scheme is part-completed and comprises timber frame construction with high-spec finishes proposed. It includes associated landscaping, refuse storage, and 32 cycle spaces.
Logic House, 143-147 Newmarket Road
143-147 Newmarket Road (known as Logic House) has been utilised as Offices (Class B1) and/or education as uses (D1), albeit the building is suitable for a variety of uses (STPP).
Though functional, the building would benefit from refurbishment to bring it in line with modern standards — offering clear potential for improvement and uplift. Planning consent (Ref: 19/0972/FUL) allows for both B1 (office) and D1 (education) uses. Previously used by Cambridge Seminars College.
The building falls outside of Cabridge’s Article 4 Directions, meaning that it is capable of Residential Conversion under Permitted Development.
Brochures
143–149 Newmarket Road, Cambridge, CB5 8HA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cambridge Station1.1 miles
- Cambridge North1.2 miles
- Shelford Station4.2 miles
Notes
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