Commercial property
Under Offer
15 Market Hill, Cambridge

Leasehold
1744 sq ft
Summary
Location
The premises occupy one of the most prominent corners in Cambridge at the junction of Market Street and Rose Crescent. Nearby retailers include Dune, French Connection, Jo Malone, L'Occitane and Mint Velvet.

Accommodation
The premises are arranged over four floors with the following approximate dimensions/areas:
Built depth 49 ft 8 in 15.15 m
Internal Width 14 ft 3 in 4.33 m
Ground Floor 636 sq ft 59.08 sq m
Store 21 sq ft 1.97 sq m
First Floor 620 sq ft 57.60 sq m
Second Floor 488 sq ft 45.34 sq m

The third floor comprises a disused former manager's flat and there is trapdoor access to a basement, also unused.

Lease
The premises are available on a new full repairing and insuring lease for a term of 10 or 15 years.

Rental
£120,000 per annum, exclusive of business rates and VAT, payable quarterly in advance and subject to upward review at the end of every 5th year.

Business Rates
The Valuation Office Agency assessment on their website (www.voa.gov.uk) is as follows:
RV (2010/2017) £96,500
UBR 49.7p
Rates Payable £47,960.50

However interested parties are advised to make their own enquiries of the City Council (01223 457000).

Planning/Use
The property currently has A3 use and can therefore also be used for A1 and A2 purposes. Appropriate A3 occupiers may be considered, however premium A1 retailers are preferred.

EPC
The property has been assessed with an energy rating grade G (189). It is however, a grade II listed building.

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

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

or our joint agent:

Dan Walker
0207 409 8168
dwalker@savills.com
Uses
A1 Shops
A3 Restaurants and Cafes
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