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• Cambridge is an exceptionally attractive cathedral city and one of the UK’s premier retailing destinations.
• The city has a large and exceptionally affluent primary catchment population of 627,000 people, ranking the city 22nd of the 200 PROMIS retail centres in the UK.
• Cambridge enjoys 8.1 million visitors per annum, contributing more than £800m to the city’s local economy.
• 100% prime retail investment on the eastern side of Market Hill, within the heart of Cambridge’s historic retail core.
• The property comprises an attractive Grade I listed brick built building, under a pitched tile roof. The building is considered to be the oldest Grade I listed building in Cambridge.
• The property is let on a FRI (with a schedule of condition) lease to House of Wizard Limited for a term of ten years from 29th August 2023, at a current passing rent of £100,000 per annum. The lease is outside of the security and tenure of the LTA 1954 Part II.
• The lease is subject to an upwards only open market review on 29th August 2028 and a tenant break option on 29th August 2029.
• Freehold.
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