7 Peas Hill, Cambridge, CB2 3PP

Shop premises available benefitting from strong tourist trade and footfall from The Guildhall and Cambridge Arts Theatre District.

• Property specification

  • High footfall location for tourist and students.
  • Prominent corner location.
  • Moments away from key shopping areas such as the Market Square, Lion Yard and The Grand Arcade.

• Description

• Accommodation

  The premises are arranged on ground floor and basement with the following approximate areas:
  Ground Floor 364 sq. ft. (33.81 sq. m.)
  Basement 847 sq. ft. (78.69 sq. m.)
  TOTAL: 1,211 sq. ft. (103.65 sq. m)
  
  There are staff and WC facilities in the basement and the unit benefits from rear access.

• Lease terms

  The property is available on a new effectively full repairing and insuring lease outside the Landlord & Tenant Act 1954 for a term of years to be agreed.

• Rates

  The Valuation Office Agency 2017 assessment on their website (www.voa.gov.uk) is as follows:
  
  Rateable Value 2023 £15,250
  
  Qualifying tenants may benefit from 50% business rates relief. However, interested parties are advised to make their own enquiries of the City Council.

• Energy perfomance certificate

  The property has an energy rating C (71). Full details available on request.

• VAT

  The property is elected for VAT.

• Rentals

  £25,000 per annum exclusive of business rates and VAT payable quarterly in advance and subject to 5 yearly upward only rent reviews.