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Prime Freehold Retail Investment Opportunity

Cambridge, United Kingdom

82%

£2.820.000

Retail

#34416

Core+, Value-Add

5 Nov 2024

Property Details

Broker

Sold

6,866 sq.ft.

638 m²

Leasable area

410 £/sq.ft.

4,420 £/m²

6.50 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

100% prime High Street investment on Market Hill. 6,866 sq ft. The property comprises an highly attractive four storey, mid-terrace retail unit with prominent frontage onto Market Hill. The part-Grade II listed property is arranged over ground, first, second and third floors. Ground floor let to Popeyes on a new 15 year lease, without break option. Re-based rent offering superb prospects for future rental growth. Vacant upper parts offer significant scope for conversion to alternative uses, including residential (subject to planning). Total Current Income: £180,000 per annum, rising to £185,000 per annum in 2027