Lot 27 - SOLD 68 Chesterton Road, Cambridge, CB4 1EP
Details:
• Retail investment opportunity
• Tenant is Boots UK Ltd
• Prominent location along main arterial route
DESCRIPTION
The property comprises a two storey mid terrace late Victorian building with brick built elevations under a pitched slate roof.
It provides ground floor retail premises with ancillary accommodation above.
The shop unit is currently configured as a pharmacy with a sales area and dispensary on the ground floor and storage
accommodation with staff facilities on the first floor.
The property has a shared driveway with vehicular access from Chesterton Road, which leads to a part enclosed concrete hardstanding yard to the rear of the property for parking and unloading. In addition, there is on street pay- and-display parking nearby.
The property provides the following accommodation and dimensions:
Gross frontage 4.67 m 15 ft 0 ins
Net frontage 3.55 m 11 ft 8 ins
Internal width (min) 3.24 m 10 ft 8 ins
Internal width (max) 4.30 m 14 ft 1 ins
Built depth 13.16 m 43 ft 2 ins
Ground floor:
Sales 35.22 sqm 379 sq ft
Ancillary 15.07 sqm 162 sq ft
First floor:
Store Room 16.30 sq m 176 sq ft
Office 9.04 sq m 97 sq ft
Ancillary 8.82 sq m 95 sq ft
Plus WC
LOCATION
Chesterton Road is a busy arterial route on the north-east side of Cambridge, which forms part of the A1303 outer ring road. The location comprises a mixtures of shops, banks and various other commercial uses, together with residential dwellings. The property itself is located approximately less than one mile from the city centre. The nearest railway station is approximately 1 miles south of the City.
The property itself is situated on the south side of Chesterton Road, at the Mitchams Corner roundabout, between the side streets of Trafalgar Road and Hamilton 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 £15,700 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.
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: £250000
