£2.820.000
Confirmation
Prime Freehold Retail Investment Opportunity
Cambridge, United Kingdom
Retail
#34416
Core+, Value-Add
28 Oct 2024
Property Details
Broker
Sold
6,866 sq.ft.
638 m²Leasable area
410 £/sq.ft.
4,420 £/m²6.50 %
1
Freehold
Fees
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
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