Established Cambridge Retail and Leisure Location Current Income of £28,788 per annum OIEO £350,000 7.92% Net Initial Yield Long Leasehold - 150 years
Essentialz is a small supermarket which occupies a central unit within the Belvedere serving the nearby residents and student. The Tenant fit-out includes, suspended ceilings, LED lighting, air conditioning, wood and vinyl flooring.
There are staff facilities and W/C at the rear of the property as well as rear access through the service yard.
The property is held under a long leasehold interest, along with 6 other units in the parade (which is being broken up), dated 9 March 2007 expiring on 9 March 2157. There is a peppercorn rent payable.
Please contact the joint agents for further information.
Cambridge is a highly prosperous regional centre located approximately 53 miles to the north of London, providing major retail and local amenities serving Cambridgeshire and the surrounding areas.
Cambridge Railway Station lies to the north of the property approximately 0.4 miles away, providing direct services to London King's Cross (approx 45 mins). The M11 motorway (Junction 12), is located to the west of Cambridge and connects to Stansted Airport and London. The A14 (Junction 35) dual carriageway, located to the east of Cambridge, provides connections to Bury St Edmunds to the east and Huntingdon and the Midlands to the west.
The property is situated amongst an affluent and densely populated area along Hills Road and a short walk from Cambridge Rail Station and CB1. It is situated opposite Cambridge Leisure which hosts a number of national occupiers such as Five Guys, Pure Gym, Bella Italia, Chiquito, Nandos, Frankie & Bennys, Sainsburys, Subway, The Light Cinema Experience and Travelodge.
Cambridge Junction is also in close proximity providing a venue for theatre, dance, music, comedy and family events. It is also close to Hills Road Sixth Form College and Homerton College.