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Revolution 3-8 Downing St 9,492 SF Retail Building Cambridge CB2 3DS $7,208,776 CAD ($759.46 CAD/SF) 7.25% Cap Rate
Investment Highlights
- One of Cambridge’s most vibrant retail and leisure destinations
- Surrounded by successful restaurant and leisure operators
- Directly opposite the Grand Arcade shopping centre
Executive Summary
Rare opportunity to acquire a freehold single let and high performing leisure property in the heart of Cambridge’s historic centre.
Let to Revolution Bars Limited for a term of 35 years from April 1999 with a guarantee from Inventive GuaranteeCo Limited, providing an unexpired term certain of 8.9 years to expiry.
Passing rent of £300,000 per annum exclusive, subject to an upward only open market rent review in April 2029.
Let to Revolution Bars Limited for a term of 35 years from April 1999 with a guarantee from Inventive GuaranteeCo Limited, providing an unexpired term certain of 8.9 years to expiry.
Passing rent of £300,000 per annum exclusive, subject to an upward only open market rent review in April 2029.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
9,492 SF
Building Class
B
Year Built
1960
Price
$7,208,776 CAD
Price Per SF
$759.46 CAD
Cap Rate
7.25%
NOI
$522,636 CAD
Tenancy
Single
Building Height
4 Stories
Building FAR
1.48
Lot Size
0.15 AC
Frontage
109’ on Downing Street
Amenities
- Security System
- Storage Space
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Nearby Major Retailers
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Revolution | 3-8 Downing St
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