4-5 Peas Hill, Cambridge, CB2 3P

Property specification

• High footfall location for tourists and students.
• A prominent city centre location benefitting from the Arts Theatre next door and multiple high quality restaurants such as Zizzi, Aromi, Pint Shop, Giggling Squid, and Pho.
• Moments away from key shopping areas such as the Market Square, Lion Yard and The Grand Arcade.
• Total space - 1,582.53 sq. ft (147.02 sq. m)

Accommodation

The premises are arranged on ground floor and basement with the following approximate areas:
Ground floor 843.29 sq. ft (78.34 sq. m)
Basement 655.30 sq. ft (60.88 sq. m)
Basement stores 83.94 sq. ft (7.80 sq. m)
Total 1,582.53 sq. ft (147.02 sq. m)

There are staff and WC facilities in the basement along side a fitted kitchenette.

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 2023 assessment on their website (www.voa.gov.uk) is as follows:
Rateable Value 2023 £28,750

Qualifying tenants may benefit from 50% business rates relief. However, 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 C (69). Full details available on request.

VAT

The property is elected for VAT.

Rentals

£42,500 per annum exclusive of business rates and VAT payable quarterly in advance and subject to 5-yearly upward only rent reviews.