Commercial property
To let
Adkins Corner, Unit 2, 3 Perne Road, Cambridge

Leasehold
Summary
In 1963 W J Adkins opened a grocery store at the site and for this reason the corner became known as Adkins Corner. The buildings are therefore a Cambridge 'landmark'. The units are located at one of Cambridge's most prominent junctions, Perne Road and Cherry Hinton Road. Perne Road forms most of an inner ring road close to both residential and employment uses.

Description

Following extensive redevelopment and refurbishment three retail units have been created on the ground floor with residential units above. Unit 1 has been prelet to the Co-op for a convenience store.

Specification

The shops units will be handed over with shop fronts and capped services. Further details upon request.

Planning

Planning was granted in January 2018 for the works and additional residential accommodation. The property has the benefit of A1 (retail), A2 (Financial and professional uses) within the Use Classes Order, potential for other uses subject to receipt of planning.

Accommodation

The lock-up units will comprise the following approximate gross internal areas. There is the flexibility to combine or sub divide differently.

Unit 1 Let to Co-op
Unit 2 1,975.0 sq ft 183.5 sq m
Unit 3 689.0 sq ft 64.0 sq m

The shops benefit from the ability for outdoor seating and front servicing.

Terms

The units are available on effective full repairing and insuring leases for a term of 15 years, subject to 5 yearly upward only rent reviews.

Rent

Unit 2 £59,250 per annum exclusive
Unit 3 £24,115 per annum exclusive

Exclusive of VAT, business rates and service charge.


Business rates

To be assessed upon completion.

Service Charge

There will be a service charge to cover insurance, maintenance and repairs of communal areas, further details on request.

Legal costs

Each party to bear their own costs incurred in the transaction.

Value Added Tax

All figures exclusive of VAT.
Uses
A1 Shops
A2 Financial and Professional Services
Done
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