A £7m high-end refurbishment is currently underway at Radio House which will be one of Cambridge’s largest newly-available Grade A office locations.
Radio House, is currently being refurbished and will provide 43,388 sq. ft. (4,031 sq. m) over ground and first floors and will be available in Summer 2017.
Work started last year on the multi-million-pound 2 storey office refurbishment. When complete, it will be to the highest specification, will meet BREEAM excellent ratings and will provide a striking new double height main entrance, floor to ceiling glazing to the south with views overlooking Logan’s Meadow, a new air conditioning system, suspended ceilings on the ground floor and a ‘wavy’ roof on the first floor.
Radio House, is in Chesterton and is situated between the city centre and the northern fringe business parks and has 114 dedicated car parking spaces and 156 covered bicycle spaces.
Will Heigham, from agents Bidwells, said:
Our latest data shows office market take-up exceeded 500,000 sq ft for the fourth successive year, a clear indicator that occupiers are still wanting to move to the city or upgrade to larger premises.
Finding Grade A office space in Cambridge is a huge challenge at the moment because office supply levels have fallen to the lowest level for 15 years and availability rates are down to just 8.5%.
What this means is that there is very little space available, let alone units of over 10,000 sq. ft.
Since One Station Square at CB1 was fully let, there is a shortage of available large Grade A office buildings. Radio House’s imminent completion therefore represents a real opportunity for existing Cambridge occupiers looking for new open plan expansion space or new entrants considering establishing themselves in Cambridge, one of the leading R&D centres in the world, which makes it a perfect location for high-tech businesses.
A huge amount of money has been invested in upgrading Radio House and it will provide efficient and substantial open plan floors, with flexible floorplates, that will appeal to a wide variety of occupiers from professional services to the technology sector.
Cambridge is the home to a range of well know R&D, technology and life sciences companies. Those companies include: AstraZeneca, Napp Pharmaceuticals, Samsung, Hewlett Packard, Toshiba, Microsoft, Amgen, Citrix, Huawei, Qualcomm and Apple.
The city centre is easily accessible from Radio House by car, bicycle or foot and Chesterton has extensive amenities and facilities, including: pubs, a nursery, high street shops, medical centre, community and a petrol station.
For more information, contact Will Heigham
More on Radio House here