12-14 Fitzroy Street, Cambridge, CB1 1EW

Property specification

• On busy pedestrianised street, close to The Grafton
• Adjacent to Greggs and Waitrose
• Busy student area
• Temporary letting available
• New Lease

Accommodation

The premises are arranged over ground and first floor with the following approximate dimensions/areas:

Internal width (including corridor) - 40 ft 1 in (12.25 m)
Internal width shop - 32 ft (9.75 m)
Average shop depth - 88 ft 11 in (27.1 m)
Built depth - 116 ft 5 in (35.5 m)
Ground Floor - 4,785 sq ft (278.70 sq m)
First Floor - 6,048 sq ft (72.92 sq m)

The unit benefits from toilet facilities on the first floor.

Lease terms

The property is available on a new effectively full repairing and insuring lease for a term of years to be agreed.

Rates

The Valuation Office Agency assessment on their website (www.voa.gov.uk) is as follows:
Rateable Value 2023 - £116,000

Qualifying tenants may benefit from government rates relief. However, interested parties are advised to make their own enquiries of the City Council.

Service charge is quoted as £20,000, subject to change.

Legal costs

Each party is to be responsible for their own legal costs incurred in the transaction

Energy perfomance certificate

Energy rating E - 109 (full details are available on request).

Rentals

The rent is £150,000 per annum exclusive of business rates and VAT payable quarterly in advance and subject to 5-yearly upward only rent reviews.