Geoff Jones

The Proposed Site

Here is the site aerial view (click on the image to take you to google maps so you can position the site relative to the rest of the earth).

The four yellow dots mark our boundaries. Note that the strip of land between our office and the flats is not owned by ourselves and is not currently for sale.

The site measurements are taken from Google Earth and so are only approximate.

Access to the existing building is either from St Stephens Place (CB3 0JE). or Canterbury Street (CB4 3QG).

St Stephens Place is a private made up road that runs from Westfield Road. We enjoy full rights of way over this road.

The entrance from Canterbury Street is from an unmade road that runs between Westfield Lane and Canterbury Street. We tarmacked the road from Canterbury Street to the front of the offices. The entrance from Canterbury Street is approx 9′ 6″ wide.

Gas, Electric, Water and sewers are currently supplied from Canterbury Street.

Existing development

On the site currently is a brick built two storey building which in the 1900’s was a coach house. Prior to our purchase in 1985 the building had already being extended into two storeys and a side extension added. We added a 112m² extension facing St Stephens Place in 1987 (Planning application C/0777/87). Then in 1992 added a 70m² single storey extension into the courtyard area (C/0397/92). We then finally added a first storey extension to couple up the two buildings (C/0143/95).

The total internal floor area is ~300m² . This is currently rented out to two tenants, Cortex Controllers Ltd (A company owned by one of the site owners) at £26,600 per year and Heyes Communications at £16,500 per year. One small office is vacant. Both leases expire on July 29th 2008

Some views of the existing site:-


Office

Current internal layout.

Proposed Development

Currently we are trying to assess the value of the site to see if it is potentially worth more as a building plot than as offices. We have had indicative values of about £600,000 for the office building.

What we would like is:-

A very rough guesstimate as to how many square feet of housing would, in your opinion, be allowed by the council on this site and a crude indication of what value a developer would attach to such a figure to purchase the land.

Your companies fees and associated council costs to produce plans suitable to apply for alternative use planning permission either as outline permission or detailed planning consent.

Surrounding property sale prices.

2007-06-22 11 St Stephens Place, Cambridge, Cambridgeshire, CB3 0JE £207,100
2006-12-01 21 St Stephens Place, Cambridge, Cambridgeshire, CB3 0JE £217,500
2006-11-03 2 St Stephens Place, Cambridge, Cambridgeshire, CB3 0JE £155,000
2006-10-27 46 St Stephens Place, Cambridge, Cambridgeshire, CB3 0JE £160,000
2006-07-14 16 St Stephens Place, Cambridge, Cambridgeshire, CB3 0JE £164,000

2007-07-25 26 Canterbury Street, Cambridge, Cambridgeshire, CB4 3QF £316,700
2006-12-21 89, Canterbury Court Canterbury Street, Cambridge, Cambridgeshire, CB4 3QU £158,000
2006-11-22 4 Canterbury Street, Cambridge, Cambridgeshire, CB4 3QF £328,750
2006-10-09 48 Canterbury Street, Cambridge, Cambridgeshire, CB4 3QF £289,950

Site visits

The site can be visited at any time outside. For internal viewing please contact Mr Nick Toop (The co-owner) on 01223 368000 to arrange a suitable time.

Please address any emails to myself at mail@geoffjones.com and cc them to nick@cortexcontrollers.com

Any general questions please call 0797 1428715 or put them into the comments below and I will reply.

Geoff Jones January 8th 2008, Prices added 21 Feb, Planning details added 4 March,

Comments RSS