Sturton Street, Cambridge Deal
Disposal of a freehold school investment with development potential
Price
£9.5m
Net yield
3.4%
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Freehold, city centre school, let to the Cambridge School of Visual & Performing Arts until December 2041, paying a rent of £350,000 per annum subject to five yearly RPI uplifts (collared and capped at 0.5%-4%) and with potential to develop above the school.
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