Commercial property
Under Offer
Unit 2, The Railyard, Station Lane, Cambridge

Leasehold
1400 sq ft
Summary
Location
The Railyard forms part of a new 576 bed student scheme within CB1, a new 25 acre mixed-use city quarter in central Cambridge. CB1 will provide 331 residential units, 1250 student rooms, office, retail and restaurant space and is transforming the Station Road area into a vibrant business and lifestyle location.

It is adjacent to Cambridge railway station and the guided bus, park and ride and local bus network bus stops. Refurbishment works to Cambridge railway station are to commence shortly.

10.4 million rail passengers 2014-15 (Source: Office of Rail Regulation)
Five minutes from Addenbrooke's Hospital/new AstraZeneca site
Office users include Microsoft (85,000 sq ft)
Seven new buildings totalling 2.38m sq ft commercial space.
New Ibis hotel now open with Youngs trading as Geronimo on the Ground Floor.
New lettings at One the Square to Sainsbury's Local, Caffé Nero, Wasabi and Pret a Manger.

Accommodation
The property is arranged on ground floor only and has the following approximate gross internal floor areas/measurements:
Ground Floor 125 sq m 1,345 sq ft
Internal Width 16.2 m 53 ft

Specification
The unit will be handed over as currently arranged i.e. shell specification with capped services and the ingoing tenant will be responsible for the shop front, together with their own fit out.

Lease
The unit is available on a new 10/15 year lease, on effective full repairing and insuring terms at a rent of £40,000pa, subject to five yearly upward only rent reviews.
The rent is exclusive of VAT, business rates and service charge.

Planning
The property was granted consent in 2010 for A1, A2, A3, A4 and A5 uses with the Use Classes order.

The incoming tenant will be responsible for achieving any necessary planning consents relating to but not restricted to signage, external seating, trading hours, fit-out and shop front. Such consents to be approved by the Landlord prior to implementation.

Service Charge
There is a service charge to cover the insurance and maintenance and repairs of communal areas, further details on request.

Business Rates
The premises will need to be assessed.

Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.

VAT
The property is elected for VAT.

EPC
The property is currently being assessed.

Enquiries
Barry Woodhouse
01223 559511
barry.woodhouse@bidwells.co.uk

or

Sophie Bevan
0151 703 7871
sophie.bevan@downing.com

Uses
A1 Shops
A2 Financial and Professional Services
A3 Restaurants and Cafes
A4 Drinking Establishments
A5 Hot Food Takeaways
Done
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