4-5 Peas Hill, Cambridge, CB2 3P
739 - 843 sq ft
Situated within the heart of Cambridge, the premises benefits from strong tourist trade from the Guildhall and Cambridge Arts Theatre District.
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.
Location
The premises is directly adjoined to the Arts Theatre and benefits from nearby food operators and cafes such as: Aromi, Pint Shop, Brewdog, Zizzi, and Giggling Squid. The nearby retail offering features independents such as Ark, Market stall traders, as well as high street names like Hugo Boss and Anthropologie toward the Market Square.
Location
The premises is directly adjoined to the Arts Theatre and benefits from nearby food operators and cafes such as: Aromi, Pint Shop, Brewdog, Zizzi, and Giggling Squid. The nearby retail offering features independents such as Ark, Market stall traders, as well as high street names like Hugo Boss and Anthropologie toward the Market Square.
Train Stations
- Cambridge (Cambridge Railway Station) 1.58km
- Cambridge (Cambridge North) 3.45km
- Great Shelford 6.32km
- Waterbeach 8.36km
Josef Wolstencroft
Graduate Surveyor, Investment and Property Management
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