Laboratory investment in Cambridge sold to private investor in £2.77m deal

Laboratory investment in Cambridge sold to private investor in £2.77m deal

Eddisons’ Cambridge agency team has sold a Cambridge office and laboratory building to a private investor for £2.77m.

The 11,75 sq ft high quality, recently refurbish Murdoch House building is located off Newmarket Road approximately 1 mile from the Cambridge City Centre.

The premises are currently fully occupied by science-based companies Qkine Ltd and Spotta Ltd.

Ben Green, Agency Director at Eddisons said: “We are delighted to have achieved this result for our client after a competitive bidding process. Laboratories are a sought after asset class and the acute imbalance of supply and demand in Cambridge makes it target location for investors”.

“With a lack of freehold investment opportunities it was little surprise that the property attracted good interest and achieved in access of the asking price.”

The sale price reflected a net initial yield of 5.6%.

For more information on commercial property investment opportunities in Cambridgeshire, contact Ben Green at the local office of Eddisons on 01223 448791 or [email protected].