Commercial property
To let
31a, Grafton Centre, Cambridge

Leasehold
1990 sq ft
Summary
The Grafton
The 500,000 sq ft shopping centre is owned by Legal & General who are undertaking major improvements to the malls and entrances as well as broadening its retail offer.

This includes the development of a new restaurant quarter at first floor level adjoining Vue Cinema and the creation of new anchor stores. Recent lettings have been agreed to Decathlon and The Entertainer.

Existing anchor stores in the scheme include the Debenhams, Next and H&M and the centre has 1,150 car parking spaces.

Location
The unit is situated to the rear of the mall opposite H&M and Mothercare and adjoining Oasis.

Accommodation
The premises are arranged on ground floor only with the following approximate dimensions/areas:
Internal Width 22 ft 3 in 6.81 m
Shop Depth 71 ft 6 in 21.84 m
Ground Floor 1,990 sq ft 184.87 sq m

Lease
The premises are available on an effectively full repairing lease for a term of years to be agreed.

Rental
£120,000 per annum, exclusive of business rates and VAT.

Service Charge
The estimated service charge for the current year is £18,012.

EPC
The property has an energy rating E (101). The full report is available on request.

Business Rates
The Valuation Office Agency assessment on their website (www.voa.gov.uk) is as follows:

RV (2010) £83,500
UBR 49.7p
RV (2017) £57,000

However, interested parties are advised to make their own enquiries of the City Council (01223 457705)

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

Enquiries

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

or

James Lankfer
01223 558559
james.lankfer@bidwells.co.uk

Or our joint agents Strutt & Parker, London

Uses
A1 Shops
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