Office freehold sold in Cambridge residential neighbourhood

A two-storey, 1,587 sq. ft. converted office property in a residential neighbourhood one mile north of Cambridge city centre has been sold to a developer for over the asking price.

Acting as the agent in the sale of 2 Herbert Street, we marketed the property with a guide price of £450,000.

Serious interest in the property - both as an office and previously as a residential unit - saw Eddisons invite best bids, with the property selling for £526,000.

Our Cambridge team's Joe Berry acted on behalf of a private client, commenting: “It’s another example of where the infrequency of freehold opportunities in Cambridge, especially with vacant possession, attracts competitive interest from the outset.

“This is the second commercial freehold in succession in that we have sold in the past month that has seen us achieve well over the guide price for our clients.”