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28 Fitzroy Street 28 Fitzroy Street, Cambridge, CB1 1EW
Use Class
E
Size
2,726 sq ft
Rent pa
£67,500
Market Sector
High Street Scheme
Description
The property comprises ground floor retail space accessed via a prominent entrance off Fitzroy Street. The first floor provides ancillary staff, storage and WC’s. The property has rear loading from Eden Street and Eden Street Backway.
Location
Cambridge is a historic university city and is the administrative centre for Cambridgeshire. The city has a primary catchment of over 500,000 with an estimated shopping population of over 287,000. Cambridge is ranked as a Regional Centre (PMA) and dominates an extensive catchment area encompassing a number of smaller towns such as Haverhill, Saffron Walden, Royston and Ely.
The city is ranked 28th in terms of comparison good retail spend (Promis) an amount that is boosted each year by tourism with the city council estimating that 4.5 million tourists visit annually.
The property is located close to the entrance of the Grafton Centre, on the pedestrianised Fitzroy Street, which is the main link from the Grafton Centre to the historic city centre. The Grafton Centre is in the midst of being redeveloped to create a new life science hub, including laboratories, a hotel, and a gym, while retaining some retail space. The new development creates a mixed-use space, with the majority of the centre being repurposed for a life science campus and a hotel creating space for over 2000 new jobs .Approximately 11,000 sqm of retail floor space will remain, with some shops, such as Boots and, continuing to operate at the Fitzroy Street entrance.
Key Information
Viewing
Strictly by appointment.
Legal
The Money Laundering Regulations 2017 place a legal obligation on the agents to identify a proposed purchaser once the sale has been agreed and prior to instructing solicitors. Confirmation of the source of the purchaser's funds will also be required.
Accommodation
2,726 Sq.Ft
Financial
Lease Type
New Lease
Lease Term
The property is available by way of a new full repairing and insuring lease for a term of years to be agreed.
Rent
Subject to contract, rental offers are invited in the region of £67500 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.
Rates
Interested parties are advised to make their own enquiries to the Local Authority.
Costs
Each party is responsible for their own legal and other professional costs incurred in the transaction.
Rates
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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