Commercial property
Cambridge School of Visual and Performing Arts, Sturton Street, Cambridge

  • Situated in city centre Cambridge
  • 2016 refurbished, D1 accommodation providing 1,368 sq m (14,726 sq ft) plus 17 car spaces
  • 999 year Leasehold interest at a peppercorn rent and share of freehold interest
  • Let to Cambridge Arts & Sciences Limited with a surety from Cambridge Education Group Limited
  • Let until 22 December 2041 (without break) at £350,000pa, subject to 5 yearly, RPI uplifts (collared and capped 0.5%-4%)
  • Seeking offers in excess of £6,565,000 subject to contract, reflecting a net initial yield of 5.0%, after deducting purchaser’s costs of 6.64%
  • Assuming RPI uplifts at 2% per annum, reflects the following reversionary yields :-

23.12.2021 5.52%
23.12.2026 6.10%
23.12.2031 6.72%
23.12.2036 7.42%

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