54 Sidney Street, Cambridge, CB2

Retail use property situated on Sidney Street

• Property specification

  • - Prime Location
  • - Previously The Real Eating Company
  • - Available on new lease
  • - Close to Boots, Flat Iron, Next and M&S

• Description

  The property is situated on the western side of Sidney Street which connects the busy tourist area of Market Street and Bridge Street with the prime retail core. Close by occupiers include Boots, Finisterre , Superdrug , Waterstones , Pizza Pilgrims , Flat Iron , Itsu , Urban Outfitters , Next and Marks and Spencer

• Accommodation

  The premises are arranged on ground floor and basement with the following approximate areas:
  
  Ground floor sales - 1,1650 sq. ft (108.2 sqm)
  Basement - 970 sq. ft (90.1 sqm)
  
  Ground floor is split between customer, counter and seating areas. There is a kitchen area and rear accessible WC

• 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 assessment on their website (www.voa.gov.uk) is as follows:
  
  Rateable Value 2023 - £71,000
  
  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 EPC rating of C (59)

• VAT

  The property is to be elected for VAT.

• Rentals

  £120,000 per annum exclusive of business rates and VAT payable quarterly in advance and subject to 5-yearly upward only rent reviews