38 / 39 Green Street Cambridge Cambridgeshire CB2 3JX

38 / 39 Green Street
Cambridge
Cambridgeshire
CB2 3JX

Freehold Retail and Office/Workshop Investment in Historic City Centre

Rare investment opportunity in historic city centre
Busy city centre location between Sidney Street, Trinity Street and the Colleges
Predominantly let to tenant trading as Tabanco Tapas Bar until March 2029 (no breaks)
Self-contained first floor let as jewellery workshop
Nearby retailers include Sainsbury's, Next, Costa, Joules, Fat Face, Pret A Manger, Jack Wills and various restaurants including Bill's and The Ivy Café

Lot
3
Auction
11th July 2019
Rent
£68,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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Freehold Retail and Office/Workshop Investment in Historic City Centre

Rare investment opportunity in historic city centre
Busy city centre location between Sidney Street, Trinity Street and the Colleges
Predominantly let to tenant trading as Tabanco Tapas Bar until March 2029 (no breaks)
Self-contained first floor let as jewellery workshop
Nearby retailers include Sainsbury's, Next, Costa, Joules, Fat Face, Pret A Manger, Jack Wills and various restaurants including Bill's and The Ivy Café

Lot 3
Auction 11th July 2019
Rent £68,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 13 miles west of Newmarket; 60 miles north of Central London
Roads: A14, A103, A603, M11 (J12)
Rail: Cambridge
Air: London Stansted

Situation

Cambridge is a highly affluent and historic university city and is the county town of Cambridgeshire. Cambridge is a popular tourist destination with its 31 colleges, River Cam and other notable and historic attractions. The property is located on the southern side of Green Street, a busy pedestrianised street connecting Trinity Street and Sidney Street, close to Cambridge University's Sidney Sussex College. The property is a short walk from Cambridge market and the Grand Arcade Shopping Centre with retailers including Apple, Calvin Klein, Charles Tyrwhitt, Daniel Wellington, Gant and John Lewis. Other nearby retailers and restaurants in the immediate vicinity include Sainsbury's, Next, Costa, Joules, Fat Face, Pret A Manger and Jack Wills, and various restaurants including Bill's and The Ivy Café.

Tenure

Freehold.

Location

Miles: 13 miles west of Newmarket; 60 miles north of Central London
Roads: A14, A103, A603, M11 (J12)
Rail: Cambridge
Air: London Stansted

Situation

Tenure

Freehold.

Description

The property is arranged over three floors, comprising a ground floor restaurant with basement and office/workshop accommodation on the first floor. The first floor is self-contained with a separate entrance off Green Street.

VAT

VAT is applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Basement	Restaurant Ancillary	94.94 sq m 28.24 sq m	(1,022 sq ft) (304 sq ft)	BUTCH ANNIE’S LIMITED t/a Tabanco guaranteed by LA VINA LIMITED on assignment from and with the benefit of an Authorised Guarantee Agreement from SUSIE WATSON DESIGNS LTD (1)	15 years from 01/04/2014 until 30/03/2029	£56,000	01/04/2019 and 01/04/2024
First	Workshop/ Ancillary	104.69 sq m	(1,127 sq ft)	CELLINI (PEARLS) LIMITED (2)	10 years from 29/08/2014 until 28/08/2024	£12,000	29/08/2019
Total		227.88 sq m	(2,453 sq ft)			£68,000

(1) For the year ending 31st March 2018, Susie Watson Designs Ltd reported a total net worth of £1,689,338 (Source: Experian Group 05/06/2019) and trades from nine stores in the UK (Source: www.susiewatsondesigns.co.uk).
(2) For the year ending 31st March 2018, Cellini (Pearls) Limited did not report a turnover or a profit, but reported a total net worth of £3,547,367 (Source: Experian Group 03/06/2019). Established in 1981, Cellini is an independent jeweller that trades from a shop at Rose Crescent nearby.