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5 Market Hl 2 983 pi² Commerce de détail Immeuble Cambridge CB2 3NJ 3 313 590 $ CAD (1 110,82 $ CAD/pi²) 5,25% Taux de capitalisation
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Faits saillants de l'investissement
- 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
Résumé de l'annonce
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.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Ancienneté
Pleine propriété
Sous-type de propriété
Boutique
Taille du bâtiment
2 983 pi²
Classe d’immeuble
B
Année de construction
1905
Prix
3 313 590 $ CAD
Prix par pi²
1 110,82 $ CAD
Taux de capitalisation
5,25%
Revenu net d’exploitation
173 963 $ CAD
Location
Unique
Hauteur du bâtiment
5 étages
Coefficient d’occupation des sols de l’immeuble
2,28
Taille du lot
0,03 AC
Façade
20’ sur Market Hill
Commodités
- Système de sécurité
- Espace d'entreposage
- Climatisation
- Balcon
1 1
Principaux détaillants à proximité
Contacts
-
Graham Fawcett -
Tom Heptonstall -
Patrick Kilvington -
FMX Urban Property Advisers
1 de 6
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
Présenté par
5 Market Hl
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