38 / 39 Green Street Cambridge Cambridgeshire CB2 3JX

38 / 39 Green Street
Cambridge
Cambridgeshire
CB2 3JX

Freehold Retail and Office/Workshop Investment in Historic City Centre

  • Rare investment opportunity in historic city centre
  • Busy city centre location between Sidney Street, Trinity Street and the Colleges
  • Predominantly let to tenant trading as Tabanco Tapas Bar until March 2029 (no breaks)
  • Self-contained first floor let as jewellery workshop
  • Nearby retailers include Sainsbury's, Next, Costa, Joules, Fat Face, Pret A Manger, Jack Wills and various restaurants including Bill's and The Ivy Café
  • Lot
    3
  • Auction
    11th July 2019
  • Rent
    £68,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Office/Workshop Investment in Historic City Centre

  • Rare investment opportunity in historic city centre
  • Busy city centre location between Sidney Street, Trinity Street and the Colleges
  • Predominantly let to tenant trading as Tabanco Tapas Bar until March 2029 (no breaks)
  • Self-contained first floor let as jewellery workshop
  • Nearby retailers include Sainsbury's, Next, Costa, Joules, Fat Face, Pret A Manger, Jack Wills and various restaurants including Bill's and The Ivy Café
  • Lot 3
  • Auction 11th July 2019
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN

Property Information

Location
Miles
13 miles west of Newmarket
60 miles north of Central London
Roads
A14, A103, A603, M11 (J12)
Rail
Cambridge
Air
London Stansted
Situation

Cambridge is a highly affluent and historic university city and is the county town of Cambridgeshire. Cambridge is a popular tourist destination with its 31 colleges, River Cam and other notable and historic attractions. The property is located on the southern side of Green Street, a busy pedestrianised street connecting Trinity Street and Sidney Street, close to Cambridge University's Sidney Sussex College. The property is a short walk from Cambridge market and the Grand Arcade Shopping Centre with retailers including Apple, Calvin Klein, Charles Tyrwhitt, Daniel Wellington, Gant and John Lewis. Other nearby retailers and restaurants in the immediate vicinity include Sainsbury's, Next, Costa, Joules, Fat Face, Pret A Manger and Jack Wills, and various restaurants including Bill's and The Ivy Café.

Tenure

Freehold.

Location
Miles
13 miles west of Newmarket
60 miles north of Central London
Roads
A14, A103, A603, M11 (J12)
Rail
Cambridge
Air
London Stansted
Situation

Cambridge is a highly affluent and historic university city and is the county town of Cambridgeshire. Cambridge is a popular tourist destination with its 31 colleges, River Cam and other notable and historic attractions. The property is located on the southern side of Green Street, a busy pedestrianised street connecting Trinity Street and Sidney Street, close to Cambridge University's Sidney Sussex College. The property is a short walk from Cambridge market and the Grand Arcade Shopping Centre with retailers including Apple, Calvin Klein, Charles Tyrwhitt, Daniel Wellington, Gant and John Lewis. Other nearby retailers and restaurants in the immediate vicinity include Sainsbury's, Next, Costa, Joules, Fat Face, Pret A Manger and Jack Wills, and various restaurants including Bill's and The Ivy Café.

Tenure

Freehold.

Description

The property is arranged over three floors, comprising a ground floor restaurant with basement and office/workshop accommodation on the first floor. The first floor is self-contained with a separate entrance off Green Street.

VAT

VAT is applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Description

The property is arranged over three floors, comprising a ground floor restaurant with basement and office/workshop accommodation on the first floor. The first floor is self-contained with a separate entrance off Green Street.

VAT

VAT is applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
Basement
Restaurant
Ancillary
94.94 sq m
28.24 sq m
(1,022 sq ft)
(304 sq ft)
BUTCH ANNIE’S
LIMITED t/a Tabanco
guaranteed by
LA VINA LIMITED on
assignment from and
with the benefit of an
Authorised Guarantee
Agreement from SUSIE
WATSON DESIGNS
LTD (1)
15 years from
01/04/2014 until
30/03/2029
£56,000 01/04/2019
and
01/04/2024
First Workshop/
Ancillary
104.69 sq m
(1,127 sq ft)
CELLINI (PEARLS)
LIMITED (2)
10 years from
29/08/2014 until
28/08/2024
£12,000 29/08/2019
Total
227.88 sq m
(2,453 sq ft)
    £68,000  

(1) For the year ending 31st March 2018, Susie Watson Designs Ltd reported a total net worth of £1,689,338 (Source: Experian Group 05/06/2019) and trades from nine stores in the UK (Source: www.susiewatsondesigns.co.uk).
(2) For the year ending 31st March 2018, Cellini (Pearls) Limited did not report a turnover or a profit, but reported a total net worth of £3,547,367 (Source: Experian Group 03/06/2019). Established in 1981, Cellini is an independent jeweller that trades from a shop at Rose Crescent nearby.

Property Documents

  • Catalogue Page
    Updated Date
    19.06.19
    File Size
    820 KB
    View PDF
  • Site Plan
    Updated Date
    19.06.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Molyneux Rose LLP 143 New Bond Street
London
W1S 2TP
Julian Lochrane 020 7182 1893 julian.lochrane@molyrose.co.uk
Seller's Solicitors
Hamlins Solicitors Roxburghe House, 273 - 287 Regent Street
London
W1B 2AD
Nigel Mason 020 7355 6103nigel.mason@hamlins.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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