Downing Street, Cambridge, Cambridgeshire, CB2 3DS

Prime central Cambridge location on Downing Street, just moments from the central retail area and University colleges.

• Property specification

  • Cambridge's premier day-to-night entertainment venue, featuring a top-floor retractable roof terrace.
  • Let to Revolution Bars Limited for a term of 35 years from April 1999 with a guarantee from Inventive GuaranteeCo Limited, providing an unexpired term certain of 8.9 years to expiry.
  • Passing rent of £300,000 per annum exclusive, subject to an upward only open market rent review in April 2029.
  • The property extends to a fully let leisure unit comprising of 11,343 sq ft / 1,053.7 sq m.
  • Offers are sought excess of £3,870,000 subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 7.25% and a capital value of £341 per sq ft after standard purchaser's costs of 6.80%
  • £3,870,000 / NIY 7.25%

• Description

  Rare opportunity to acquire a freehold single let and high performing leisure property in the heart of Cambridge's historic centre.