210 East Road, Petersfield, Cambridge, CB1 1BG

Virtual freehold (985-year lease) for sale of former Cafe on East Road, Cambridge.

• Property specification

  • Virtual freehold sale of 985-year Lease.
  • Former coffee shop (class E use) benefitting from outside seating.
  • Located in close proximity to Anglia Ruskin University, Parker's Piece, Kelsey Kerridge Sports Centre, The Crown Court and Regus Office Space.
  • Adjacent to the renowned 'quirky' area of Petersfield, including Mill Road, which has incredibly high footfall and a mixture of student accommodation, Cafes/Restaurants and many types of retail.
  • The shop forms part of a large residential and commercial building adjacent to Cambridge Fire Station.
  • Sold as seen with current decoration, fixtures, and fittings.
  • 3D Survey Available.

• Description

  Virtual freehold (985-year lease) for sale of former Cafe on East Road, Cambridge.

• Accommodation

  The premises are arranged on ground floor only with the following approximate areas:
  Internal width 54.13 ft (16.5 m)
  Frontage height 9.51 ft (2.9 m)
  Ground Floor 2,032 sq. ft (188.78 sq. m)
  
  There are kitchen and WC facilities as well as a rear bin area. The unit does not have rear access.

• Lease terms

  A 985-year Lease (expiring 10th December 3009). For the benefit of the long lease interest, a premium of £725,000 (excluding VAT). Principal rent on a Peppercorn basis.
  Furthur detail upon application.
  
  Alcohol License
  Previous use was a café/cocktail bar and has an existing alcohol Licence, details upon request.

• Rates

  Service Charge details upon request.
  
  Business Rates
  The Valuation Office Agency 2023 assessment on their website (www.voa.gov.uk) is as follows:
  Rateable Value 2023 £38,500
  
  Interested parties are advised to make their own enquiries of the City Council.

• Legal costs

  Each party is to be responsible for their own legal costs incurred in the transaction.

• Energy perfomance certificate

  The property has an energy rating B (28). Full details available on request.

• VAT

  The property is elected for VAT.

• Rentals

  Alternatively, a new lease may be available (terms to be agreed) at £50,000 per annum exclusive.