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
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
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.
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
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
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.
