FREEHOLD FORMER PUBLIC HOUSE WITH DEVELOPMENT POTENTIAL FOR SALE ON BEHALF OF JD WETHERSPOON Getmapping plc 2017
Freehold Attractive central waterside location on the River Cam Site area approx. 0.048 ha (0.12 acres) Fire damaged property in need of refurbishment/redevelopment Redevelopment potential (subject to obtaining the necessary consents) Offers invited in excess of 1,500,000 Location Cambridge is an internationally renowned affluent city on the River Cam which is located approximately 50 miles north of London. The city is dominated by the attractive Cambridge University college buildings which date back to the 13th century. Road and rail communications are good with the M11 Motorway and A14 provide access to London, the North and East Anglia. Cambridge railway station provides regular services to London Kings Cross and London Liverpool Street with fastest journey times of 45 minutes. The Tivoli occupies a prominent position on the Chesterton Road (A1303), which is to the north of the main city centre, close to its junction with the A1134 Victoria Road. The surrounding area is made up of a mix of residential and commercial uses with the Boathouse public house being immediately adjacent and other occupiers nearby including Staples, Evans Cycles, Nicholas Anthony, Lloyds and Sevenoaks Sound and Vision. The River Cam runs along the southern boundary of the site with the Jesus Green and Midsummer Common parks occupying the land immediately to the south of the river.
Description & Accommodation A substantial property that was originally built as a cinema but was most recently operating as a public house. The building was subject to a major fire in March 2015 which has led to the roof of the building collapsing. Prior to the fire when operational the property was laid out as follows; Ground Floor: Substantial ground floor trading area which had a bar servery to one side. Ladies WC s, disabled WC s and a cleaning cupboard were located at this level. First Floor: This level was previously laid out to provide an additional bar area with its own servery, a catering kitchen, customer WC s and a manager s office. Basement: A beer cellar, bottle store and staff room were previously provided at this level. SITE AREA The site has an approximate area of 0.048 ha (0.12 acres). TENURE Freehold PLANNING Our verbal enquiries of the local authority have revealed that the property is not listed or located within a conservation area.
REDEVELOPMENT POTENTIAL The site could lend itself to redevelopment, subject to obtaining the necessary consents. Our clients architect has designed a possible scheme which incorporates a replacement public house/bar at ground floor with the remainder of the site redeveloped to provide 15 apartments (6 x 1 bed and 9 x 2 bed) over 6 levels. Further details are available upon request.
SCHEDULE OF PROPOSED AREAS UNIT SQ M SQ FT Lower Ground Unit 1 Residential 117 1,262 Ground Floor Unit 2 Residential 117 1,262 Unit 3 Residential 47 514 Unit 4 Residential 50 542 Unit 5 Commercial 93 1,000 First Floor Unit 6 Residential 100 1,082 Unit 7 Residential 47 514 Unit 8 Residential 50 542 Unit 9 Residential 71 769 Second Floor Unit 10 Residential 84 911 Unit 11 Residential 42 461 Unit 12 Residential 91 982 Third Floor Unit 13 Residential 84 911 Unit 14 Residential 62.5 673 Fourth Floor Unit 15 Residential 84 911 Unit 16 Residential 45.9 494 Total 1185.4 12,830 Viewings & Terms No formal viewing will be permitted unless arranged through the joint selling agent CBRE and Savills. Offers are invited in excess of 1,500,000 for the benefit of our clients freehold interest with vacant possession. Please submit all offers in writing stating clearly any conditions which are attached to the offer. To see further available JD Wetherspoon Public Houses across England, Scotland and Wales please visit: NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office Crown copyright licence number 100022432 Savills (L&P) Limited. Toby Hall T: 020 7182 2259 M: 07785 253055 toby.hall@cbre.com Alex Yeo T: 01223 347295 M: 07812 249327 ayeo@savills.com Disclaimer: CBRE Limited, September 2017 James Brindley Tel: 020 7182 2651 Mob: 07827 356616 james.brindley@cbre. Paul Breen T: 020 7877 4555 M: 07767 873353 pbreen@savills.com CBRE Limited and Savills on its behalf and for the Vendors or Lessors of this property whose Agents they are, give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Details are given without any responsibility and any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of CBRE Limited or Savills plc has any authority to make any representation or warranty whatsoever in relation to this property. 4. Unless otherwise stated, all prices and rents are quoted exclusive of VAT.