210 East Road, Petersfield, Cambridge, CB1 1BG

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, forming a main pedestrian and cycle route towards Cambridge Railway Station.
• 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.

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.