About this property

Key features
  • Rare freehold opportunity situated close to Cambridge
  • Fully let producing £36,200 per annum
  • Potentially suitable for redevelopment or owner occupation
  • Large site area (extending to around 1.08 ha (2.67 acres)
Description
The property comprises a total site area of 1.08 ha (2.67 acres), which includes a range of commercial buildings totalling approximately 418.99 sq m (4,510 sq ft). There is office, workshop and storage space along with an outdoor parking and storage area of hardcore ground construction. Mount Farm is fully let to three occupiers creating a total annual income of £36,200 per annum. Each lease includes mutual rolling break notices. A summary of each lease can be seen below: Unit 1: Outside the 1954 Landlord and Tenant Act 7 year lease from 08/01/2021 £15,600 per annum Rent review 08/07/24 Mutual break on 6 months prior written notice Service charge included within the rent Internal repairing obligations Unit 2: Outside the 1954 Landlord and Tenant Act 7 year lease from 06/09/20 £9,600 per annum Annual rent review Mutual rolling break on 3 months prior written notice Service charge included within the rent Internal repairing obligations Unit 3: Outside the 1954 Landlord and Tenant Act 7 year lease from 17/01/21 £11,000 per annum Rent review 17/08/24 Mutual rolling break on 6 months prior written notice Service charge included within the rent Internal repairing obligations

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Luke Davenport
Luke Davenport BSc (Hons) MRICS
Associate

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