TO LET – Ground Floor Shop 14 Magdalene Street Cambridge CB3 0AF
62.8 sq m (676 sq ft) ▪ Attractive shop situated in a prominent position
▪ Located on an established retail
parade close to the historical city centre and River Cam
▪ Suitable for A1 Retail uses only (Food & drink related uses will not be permitted)
▪ Available on a new business lease from February 2018
Location
Uniform Business Rates
The property is situation on the outskirts of Cambridge City Centre in a prominent position near the corner of Magdalene Street and Northampton Street.
The premises are assessed as follows: Rateable Value: £12,000 Rates payable (2017/18): £5,592 per annum
Magdalene Street is a good secondary location close to the river Cam which is a popular tourist destination and within easy walking distance of the historical City Centre and principal colleges.
The rates are based on a UBR for the current year of 0.466 pence in the pound. Small business rate relief may be applicable.
Kettle's Yard art gallery and The Museum of Cambridge are located closeby. Neighbouring occupiers include a good selection of specialist shops, restaurants and bars.
All interested parties are advised to make their own enquiries with Cambridge City Council Revenue Services on 01223 457743 in order to verify their rates liability.
Description
Legal Costs
The property comprises an attractive Grade II* listed ground floor shop which forms part of a historic parade of specialist retails outlets. The accommodation comprises a ground floor sales area with some attractive period features along with basement storage and a WC.
The incoming tenant to bear the landlord's reasonable legal costs.
Accommodation The premises have the approximate net internal floor areas: Ground floor sales Basement Total
42.80 sq m (461 sq ft) 20.00 sq m (215 sq ft) 62.80 sq m (676 sq ft)
There may be an opportunity to create a larger unit with further details available upon request.
Planning The premises currently has planning permission for Class A1 (Shops) of the Town & Country Planning (Use Classes) Order 1987.
Service Charge A service charge is payable towards the upkeep of the building. Further information is available upon request.
Terms The premises are available on a new business lease upon terms to be agreed from February 2018 at a rent of £16,000 per annum exclusive.
Viewing and Further Information Strictly through the sole agent, Cheffins. Mark Drummond Tel: 01223 213666 Email:
[email protected] Interested parties are advised to make their own enquiries with Cambridge City Council Planning Department on 01223 457200 to verify their proposed use. N.B. Food and drink related use will not be permitted.
The Code for Leasing Business Premises in England and Wales recommends you seek professional advice before agreeing a business tenancy. The Code is available through professional institutions and trade associations or through the website www.leasingbusinesspremises.co.uk. These particulars are intended to give a fair description of the property but their strict accuracy is not guaranteed neither do they constitute part or an offer/contract. Applicants must satisfy themselves as to the correctness of the information contained herein before entering into a binding contract. All prices and rentals quoted are exclusive of VAT (if chargeable). The services, fixtures, fittings, appliances and other items of equipment referred to herein have not been tested by this firm. Therefore no warranty can be given as to their condition and applicants must satisfy themselves in this respect.