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1-2 Cambridge, CB2 3ET

Use Class

Use Class

E

Size

Size

2,573 sq ft

Rent pa

Rent pa

£295,000

Market Sector

Market Sector

Shopping Centre

Location

The subject premises are an external unit in the Lion Yard Shopping Centre situated in a highly prominent corner position fronting Petty Cury at its junction with Guildhall Street in an unparalleled City Centre location. The premises are adjacent to Hotel Chocolat with other nearby occupiers including Disney Store, Ernest Jones, Accessorize, Sole Trader, Gap and Carluccios.

Key Information

Viewing

Arrangements to inspect can be made at short notice by contacting the agents.

Accommodation

2,573 Sq.Ft

The premises comprise a retail unit arranged over basement, ground and first floor levels offering the following approximate dimensions and floor areas: NB: The first floor can be extended by an additional 1,071 ft² (approx.) with further information available upon request.

Dimensions
Feet
Metres
Net Frontage
51.01
15.55
Internal Width
32.8
10
Shop Depth (max)
57.9
17.65
Areas
Sq.Ft
Sq.M
Ground Floor Sales
1,760
163.5
First Floor Sales
2,547
236.61
First Floor Ancillary
230
21.36
Basement Ancillary
1,580
146.78

Financial

Rent

The premises are available to let on a new effectively full repairing and insuring lease for a term of 15 years subject to upward only rent reviews at the end of each 5th year at the following commencing rentals:- (i) As Existing - £295,000 p.a. excl. (with first floor extended - £320,000 p.a. excl.) (ii) Ground floor and basement only - £250,000 p.a. excl.

Rates

The rates will be re-assessed following the works to create the new store and interested parties are recommended to make their own enquiries of the Local Authority.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Rates

Rateable Year:
2009
Rateable Value:
£265,000.00
Rates payable:
£128,525.00
UBR:
48.5p/£

This Property is Part of a Shopping Centre

Lion Yard Shopping Centre

Lion Yard is a high quality, glazed / covered shopping centre development situated in the heart of historic Cambridge, which houses a range of national multiple retailers covering the fashion & footwear, jewellery, sports, outdoors and healthcare / optician sectors as well as a selection of food and drink offers. Key tenants include New Look, Oseyo, Vision Express, Flying Tiger of Copenhagen and Natwest.

LM Real Estate

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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