The property is on Emmanuel Street located just off St Andrews Street, a major shopping destination in Cambridge City Centre. Nearby occupiers include Subway, NatWest Bank and Caffe Nero.
The property is available on a new effectively full repairing and insuring lease outside the Landlord and Tenant Act 1954 for a term of years to be agreed.
£47,500 per annum exclusive of business rates and VAT payable quarterly in advance and subject to 5 yearly upward only rent reviews.
The Valuation Office Agency assessment on their website
(www.voa.gov.uk) is as follows:
Rateable Value £38,000
UBR 2019/20 50.4p
The property qualifies for a one third rates reduction in 2020/21 and interested parties are advised to make
their own enquiries of the City Council.
Each party is to be responsible for their own legal costs incurred in the transaction.
The property has an energy rating E (118). Full details available on request.
Covering external repairs and maintenance of the rear yard his is currently £1,968 for the year ending 31 March 2020.
The premises offer a rare opportunity to acquire a unit in this location and are arranged on ground floor only with the following approximate dimensions and areas:
Frontage 13 ft 3 ins 4.05 m
Internal Width 14 ft 7 ins 4.45 m
Shop Depth 42 ft 5 ins 12.93 m
Ground Floor 690 sq ft 64.1 sq m