Brookgate has put a mixed-use investment opportunity in the heart of the CB1 quarter in Cambridge up for sale for £13.5m+.
Completed in February 2023, 3 & 4 Station Square comprises two mixed-use buildings totalling 126,061 sq ft, arranged over basement, ground and up to eight upper floors.
The scheme, which is located on a 0.7-acre site, provides 17,849 sq ft of retail and Grade A office space across the ground and first floors, with 89 residential apartments located above that have already been sold off.
The asset produces a total current rent of around £917,000 per annum, which offers significant future rental growth through both indexed-linked and open-market rent reviews over the coming years.
Sven Töpel, CEO of Brookgate, said: “3 & 4 Station Square represents part of the vision we have delivered to transform the area around Cambridge station into a vibrant new gateway to the city. The buildings are home to a strong mix of businesses and amenities that serve the local community and the thousands of people who pass through the station every day.
“Cambridge continues to be one of the UK’s most dynamic and innovative cities and we remain committed to supporting its growth. With 3 & 4 Station Square now fully delivered and performing strongly, this is a natural point for us to pass it on to a new owner and shift our focus onto the next phase of Cambridge’s evolution, including the continued development of Cambridge North.”
Saul Western, head of commercial at Bidwells, which has been appointed to market the opportunity, added: “3 & 4 Station Square offers a very rare opportunity to acquire best-in-class unique buildings in one of Cambridge’s most sought-after locations. It is a lot size attainable for a range of investors. The asset offers secure income from well established businesses with strong potential for future rental growth.”
