The property is situated on Mill Road, a bustling cosmopolitan retail and restaurant street of independent and multiple retailers that connects the inner and outer ring roads. The unit is close to Anglia Ruskin University, Cambridge Railway Station and The Grafton.
The property is available on a new full repairing and insuring lease, for a term of 15 years subject to five yearly upward only rent reviews.
The Valuation Office Agency assessment on their website (www.voa.gov.uk) is as follows:
Rateable Value £50,500
However, interested parties are advised to make their own enquiries of the City Council (01223 457000).
Each party is to be responsible for their own legal costs incurred in the transaction.
The property has an energy rating C (70). Full EPC report available on request.
All figures are exclusive of VAT.
Retail use, alternative uses may be considered, subject to necessary planning consents.
The premises offer a rare opportunity to acquire a large shop in this location and is arranged on ground, basement and first floor with the following approximate dimensions and areas:
Shop Frontage 36 ft 10 ins 11.22 m
Return Frontage 22 ft 9 ins 6.94 m
Internal Width (Ave) 48 ft 11 ins 14.90 m
Shop Depth 80 ft 8 ins 24.59 m
Ground Floor Sales 3,770 sq ft 350.23 sq m
Ground Floor Storage 608 sq ft 56.48 sq m
Basement Storage 46 sq ft 4.27 sq m
First floor storage/ staff 1649 sq ft 153.19 sq m
Total 6,073 sq ft 564.17 sqm
The unit benefits from rear loading facilities.