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5 Market Hl 2,983 SF Retail Building Cambridge CB2 3NJ $3,313,590 CAD ($1,110.82 CAD/SF) 5.25% Cap Rate
Investment Highlights
- 100% prime freehold on Cambridge Market Hill
- Grade I listed 17th-century building (2,441 sq ft)
- £100,000 p.a. income with rental reversion
Executive Summary
5 Market Hill represents an extremely rare freehold retail investment occupying a 100% prime position on the eastern side of Market Hill, at the heart of Cambridge’s historic retail core. The property comprises an attractive Grade I listed timber-framed building, dating back to the 17th century, arranged over basement, ground and upper floors and extending to approximately 2,441 sq ft. The ground and part first floors provide retail sales accommodation, with additional ancillary space across the upper floors.
The property is fully let to House of Wizard Limited on a 10-year lease from August 2023, generating a current passing rent of £100,000 per annum, with an upwards-only open market rent review in August 2028 and a tenant break option in August 2029. The lease is held outside the Landlord and Tenant Act 1954, providing added flexibility to the landlord. The rent is considered reversionary, with an estimated rental value of £120,000 per annum, supported by strong comparable evidence within the immediate vicinity.
Situated directly opposite Cambridge’s historic market square, which is subject to an ongoing regeneration programme, the asset benefits from exceptional footfall driven by both a thriving retail environment and significant tourist activity, with approximately 8.1 million visitors per annum. The property therefore offers investors a combination of secure income, reversionary potential and long-term asset quality in one of the UK’s most affluent and supply-constrained retail markets.
The property is fully let to House of Wizard Limited on a 10-year lease from August 2023, generating a current passing rent of £100,000 per annum, with an upwards-only open market rent review in August 2028 and a tenant break option in August 2029. The lease is held outside the Landlord and Tenant Act 1954, providing added flexibility to the landlord. The rent is considered reversionary, with an estimated rental value of £120,000 per annum, supported by strong comparable evidence within the immediate vicinity.
Situated directly opposite Cambridge’s historic market square, which is subject to an ongoing regeneration programme, the asset benefits from exceptional footfall driven by both a thriving retail environment and significant tourist activity, with approximately 8.1 million visitors per annum. The property therefore offers investors a combination of secure income, reversionary potential and long-term asset quality in one of the UK’s most affluent and supply-constrained retail markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,983 SF
Building Class
B
Year Built
1905
Price
$3,313,590 CAD
Price Per SF
$1,110.82 CAD
Cap Rate
5.25%
NOI
$173,963 CAD
Tenancy
Single
Building Height
5 Stories
Building FAR
2.28
Lot Size
0.03 AC
Frontage
20’ on Market Hill
Amenities
- Security System
- Storage Space
- Air Conditioning
- Balcony
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Nearby Major Retailers
Contacts
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Graham Fawcett -
Tom Heptonstall -
Patrick Kilvington -
FMX Urban Property Advisers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
5 Market Hl
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