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.