Rare Opportunity to Acquire Long Leasehold Vacant Shop
- Established Cambridge Retail and Leisure Location - Vacant and available now - Ideal opportunity for an owner occupier - Long Leasehold (Approx 139 years remaining) - Offers in Excess of £250,000 - May Rent: £26,000 per annum exclusive - 1,184 sq ft
EPC: D (76)
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
Terms & Conditions
A new long under lease (approx. 139 years) of the units will be granted at a peppercorn rent but recharging applicable air-conditioning equipment licence fees payable to the freeholders and the cost of sub-metered utility services plus a 1/7th share (for each unit) of
the contribution to the main Belvedere service charge payable under the headlease; and the proper costs of maintaining the shared stores and of the general management of the commercial areas.
The head lease will be transferred to the management company of which the buyer will in the meantime be given membership, in common with the owners of each of the other units.