Opportunity to acquire well located retail investment in Cambridge
Established Cambridge Retail and Leisure Location Offers in excess of £650,000 Current Income of £44,000 per annum 6.44% Net Initial Yield
Rutland Cycling 2013 Ltd occupy units B1 and B2 within the Belvedere. The two units are held on separate, co-terminus leases but the shop floor area has been opened up to provide an open plan sales environment. The Tenant fit-out includes, suspended ceilings, spot 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 headlease of units B1 and B2, A1 - A5 with shared bin and bicycle stores dated 9 March 2007 expiring on 9 March 2157. There is a peppercorn rent payable. Please contact the agents for more 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.