The property is situated midway along Bene’t Street, an improving tourist and speciality retailing pitch linking Peas Hill with Kings Parade and Trumpington Street.
Cambridge has a local population of 120,000 and is one of Britain’s leading tourist attractions welcoming in excess of three million visitors per year.
Cambridge is a regional centre benefiting from a catchment of approximately 500,000. Cambridge University and other educational establishments account for over 17,000 resident students.
The premises compromise a ground floor lock up shop (with basement) situated on the corner of Bene’t Street and Free School Lane with the following approximate dimensions:
Ground Floor Sales approx. 317 sq ft (29.45 sq m)
Basement Sales Area approx. 215 sq ft (19.97 sq m)
Basement Store/Kitchen approx. 278 sq ft (25.83 sq m)
Gross Frontage 16’6” (5.03 m)
Internal width 16’4” (4.97 m)
Shop depth 23’4” (7.11 m)
The premises are held on a 10-year full repairing and insuring lease from 26th September 2011 at a passing rental of £20,500 per annum exclusive. The lease is subject to five yearly upward only rent reviews.
Interested parties are advised to refer to the Cambridge City Council.
Each party to bear their own legal costs. The landlord’s costs in granting a licence to assign the lease will be borne equally between the parties.
It is understood that the lease prohibits the sale of either hot or cold food from the premises.
The leasehold interest is available for assignment with premium offers being sought in the region of £70,000 excluding VAT.
Via sole agents Redmayne Arnold & Harris, contact Nick Harris, tel: 01223 819315, email: email@example.com