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Logic Sale Makes Sense

Dec 11, 2014

Barker Storey Matthews Cambridge Office, on the instructions of Vine Court Estates Limited, has negotiated the sale of a prominent detached 3,322 sq ft office building on Newmarket Road, Cambridge.

Logic Sale Makes Sense

The property is currently occupied by Cambridge Seminars College who have a lease on the property until 2019.  The sale represented a rare opportunity to purchase a freehold office building close to the centre of Cambridge, benefitting from the ongoing re-generation of Newmarket Road.

Mark Critchley, Director at Barker Storey Matthews, commented “our client’s instructions were to undertake a low-key marketing campaign with a view to achieving the best possible price within a reasonable timescale.  The strong level of demand from purchasers for such property presented its own challenges in terms of setting a guide price, but as with many properties that have been sold in the second half of 2014, the agreed price exceeded expectations”.

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