Commercial property
To let
15 The Grafton, The Grafton, Cambridge

Leasehold
Summary
The Grafton
The 500,000 sq ft shopping centre is owned by Legal & General who are undertaking a major refurbishment which is nearing completion.

This includes the development of a new restaurant quarter at first floor level adjoining Vue Cinema and the new stores for H&M and Decathlon, both now trading.

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

Location
The unit is situated to the rear of the mall opposite Deichmann Shoes and Costa and close to River Island, New Look and Trespass.

Accommodation
The premises are arranged on ground and floors with the following approximate dimensions/areas:

Internal Width 19 ft 1in 5.82 m
Shop Depth 97 ft 6 in 29.82 m
Ground Floor 1,650 sq ft 153.29 sq m
First Floor 659 sq ft 61.22 sq m

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

Rental
£115,000 per annum, exclusive of business rates and VAT.

Service Charge
The estimated service charge for the current year is £23,002.

EPC
The property has an energy rating C (66). 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 (2017) £48,750
UBR 47.9p

However, interested parties are advised to make their own enquiries of the City Council (01223 457705) particularly with regard to transitional arrangements under the 2017 RV.

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 BNP Paribas, London.
Uses
A1 Shops
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