𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:
• Cambridge is an exceptionally attractive cathedral city and one of the UK’s premier retailing destinations
• 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
• Grade I listed building - considered to be the oldest Grade I listed building in Cambridge
• Let on an FRI lease to House of Wizard Limited for 10 years from August 2023, at a current passing rent of £100,000 per annum
• Positive rental evidence within the immediate vicinity exceeding £200 Zone A. Adopting a conservative £200 Zone A ERV, would reflect a rental of £120,000 per annum
• Freehold
We've been instructed to seek offers in excess of £1,795,000, which reflects a net initial yield of 5.25%. Adopting an ERV of £120,000, a purchase at quoting terms would reflect a reversionary yield of 6.29%.
Take a look at the brochure below, then get in touch with Graham Fawcett, Tom Heptonstall, or Patrick Kilvington for more details.
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