Commercial Property Cambridgeshire PE2 £300-£350,000
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Auction date: Wed, 22/06/2022 - 10:00
Single storey detached commercial premises with extensive forecourt/parking, which have been let to, and traded by, Sue Ryder for their fundraising shop and cafe since 2014 and previously let to the Co-op. The tenant has entered into a new 6 year lease from 16th February 2022. The property produces a rent of £27,000 pax which rises to £28,500 pax on 16th February 2025. The tenant has an option to break on that date subject to giving 6 months prior written notice. The lease is drawn on tenant full repairing terms, qualified by a Schedule of Conditions of the property (prior to the tenant’s original occupation) but Sue Ryder has subsequently carried out an extensive refit of the shop in recent years, as seen, which appears in good order throughout. The property has the benefit of its own forecourt and if it became vacant would be considered suitable for wide range of trades and business in this busy neighbourhood centre, subject to obtaining any necessary consents or approvals.
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