ADDRESSUnits B1 And B2, 144 Hills Road, Cambridge, CB2 8PB
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, Under Offer, For Sale Freehold
POSTED ON1st February 2019
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.