Lot 26 - SOLD 235/237 Cherry Hinton Road, Cambridge, CB1 7DA
Details:
• Mixed use investment opportunity
• Shop tenant is Boots UK Ltd
• Prominent location along main arterial route
DESCRIPTION
The property comprises a two storey end of terrace late Victorian building with a double fronted shop unit and a one bedroom flat.
The shop unit, which is configured as a pharmacy, occupies ground and first floor accommodation with a sales area and
dispensary on the ground floor and ancillary accommodation on the first floor. The premises have been extended to the rear to
include a store and staff facilities for the shop. There is an enclosed private yard to the side with vehicular access gates for
unloading.
The one bedroom flat, known as 2a Cowper Road, comprises an entrance lobby at ground floor level with a sitting room,
bedroom, bathroom and kitchen on the first floor. There is rear pedestrian access and a garden.
The property has an external front forecourt and there is on street parking on Cowper Road.
The property provides the following accommodation and dimensions:
Shop:
Gross frontage 7.61 m 25 ft 0 ins
Net frontage 7.05 m 23 ft 2 ins
Internal width 7.21 m 23 ft 8 ins
Built depth 22.73 m 74 ft 7 ins
Ground floor:
Sales 74.69 sq m 804 sq ft
Ancillary 4.83 sq m 52 sq ft
Rear Stores/Kitchen/WC 26.38 sq m 284 sq ft
First floor: 40.78 sq m 439 sq ft
Flat:
The gross internal floor area is approximately 41 sq m (441 sq ft).
In addition, there is a large advertising panel affixed to the side elevation of the property fronting Cowper Road.
LOCATION
Cherry Hinton Road is a busy arterial route on the south-east side of Cambridge connecting further east with the A1134 outer ring road. The location comprises a mixtures of shops, restaurants and various other commercial uses, together with residential dwellings. The property itself is located approximately two miles distant from the city centre and within 1/2 mile of the main railway station.
The property occupies a corner position fronting onto Cherry Hinton Road with a return frontage onto Cowper Road.
TENANCIES
The shop unit is let at present to BOOTS UK LTD for a term of 10 years from 1st April 2008 at a current rent of £21,500 per annum exclusive.
The lease provides for a rent review and tenant break option on the 5th anniversary of the term and contains full repairing and insuring covenants.
The residential flat is let on an assured shorthold tenancy at a rent of £400 per calendar month.
The advertising rights are granted to Ballantyne Outdoor Advertising Ltd on an agreement dated 29th October 2003 at an annual rent of £600 per annum.
TENURE Freehold.
LEGAL PACK Contact Tee Lorimers, Devonshire House, 89 Regent Street, Cambridge, CB2 1AW Tel: 01223 311141
ref AL
VIEWING Contact Cheffins Commercial Department 01223 213666 ref RB
Result: £412000
