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INVESTMENT FOR SALE
Prominent Central Cambridge Investment
Virtual Freehold
Let to the excellent covenant Nisbets PLC
Passing rent of £75,000 per annum
Offers in excess of £1,180,000 reflecting a
NIY of 6% after costs.
Unit 1a, The Marque, Hills Road, Cambridge, CB2 8RJ
THE MARQUE
The Marque is Cambridge's tallest residential building
offering luxurious contemporary living to the City.
It comprises nine storeys of residential development
consisting of 92 luxury private apartments and 14,121 ft2 (GIA)
of highly prominent rime retail space in a highly affluent central
Cambridge location.
The retail space consists of four units which have been let to
Co-Operative
Costa Coffee
Carter Jonas
Nisbets
CAMBRIDGE
Cambridge is a highly prosperous regional centre located
approximately 53 miles to the north of London, providing major
retail and local amenities serving Cambridgeshire and the
surrounding areas. Home to the world renowned Cambridge
University it is a centre of academic excellence and the
epicentre for Bio-med, Bio Tech and Life Sciences research.
Cambridge Railway Station lies to the North of The Marque
approximately 0.38 miles, providing direct services to King’s
Cross Station (journey times approximately 50 minutes). The
M11 motorway (Junction 12), is located to the west of
Cambridge and connects to Stansted airport and London. The
A14 (Junction 35) dual carriageway Located to the east of
Cambridge provides connections to Bury St Edmunds to the
East and Huntingdon and the Midlands to the North-West.
The immediate area surrounding The Marque is highly
affluent and densely populated and is in very close proximity to
the city’s vibrant and fast changing prime business district of
Hills Road and Station Road, home to Microsoft who relocated
their European Research HQ to here in 2013. The property is
also directly opposite Cambridge Leisure with a wide range of
restaurants, a bowling alley and cinema.
Accommodation 3,520 Sq Ft 327 Sq M
Gross Frontage 98 Ft. 29.98
Average Shop Depth 37 Ft. 11.29
DESCRIPTION
The property is arranged on the ground floor only to provide a newly fitted out kitchen
equipment showroom. The unit will be fitted out with three large glazed retail windows
and a loading door to the rear of the property. There is also a shared service corridor
and refuse area with the Co-Op.
The unit has A1 Retail, A2 Financial & Professional Services and B1 Offices planning
permission.
The property has been measured In accordance with the RICS Code of Measuring
Practice (6th Edition), the property has the following Gross Internal Areas:
THE TENANT
Established in 1983 on the basic principle of high quality catering equipment affordably priced. Today Nisbets products cover everything from refrigeration to pastry, cooking machines to knives, and everything in between.
Nisbets, understand the pressures of a commercial kitchen and making your life easier is at the heart of what they do;
Nisbets head office is based in Bristol, with offices in Ireland, Holland, Belgium, Germany, France, Spain and Australia. Plus their export division ships to over 100 countries worldwide.
Nisbets PLC, Company number 1693112 have rented the property, for a term
of 10 years from 04.09.15 at a rent of £75,000 per annum which equates to
£21.31psf overall. The lease allows for a upward only rent review at the end of
5th year.
Nisbets PLC have a turnover to year ended 2014 of approximately
£226,743,019 with a pre-tax profit of approximately £28,448,285.
2013 Year end turnover approximately £194,444,191 with a pre-tax profit of
approximately £27,262,775.
*Photos supplied by Nisbets illustrating their fit out.
PRICE
Offers in excess of £1,180,000 reflecting a NIY of 6% after costs.
Long Leasehold. Held for a term of 999 years from 1st January 2014 at a fixed ground rent of £1 per annum.
VAT
We are advised VAT is payable.
ENERGY PERFORMANCE CERTIFICATE
Available on request.
VIEWING
Strictly by appointment through Carter Jonas 01223 315 716
Samuel Turner Retail/Leisure/Hotels
01223 326 805 / 07800 571 972 Samuel.Turner@carterjonas.co.uk
IMPORTANT INFORMATION
Our property particulars do not represent an offer or contract, or part of one. The information given is without responsibility on the part of the agents, seller(s) or lessor(s) and you should not rely on the information being factually accurate about the property, its condition or its value. Neither Carter Jonas LLP nor anyone in its employment or
acting on its behalf has authority to make any representation or warranty in relation to this property. We have not carried out a detailed survey, nor tested the services, appliances or fittings at the property. The images shown may only represent part of the property and are as they appeared at the time of being photographed. The areas,
measurements and distances are approximate only. Any reference to alterations or use does not mean that any necessary planning permission, building regulation or other consent has been obtained. The VAT position relating to the property may change without notice.
William Rooke Investment & Development
01223 326 815 / 07899081027 William.Rooke@carterjonas.co.uk
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