154-156 Victoria Road, Cambridge
Snapshot
8,583 Sq Ft (797.36 Sq M)
For Sale: £2,250,000 for the Freehold
Cambridge City Centre Investment opportunity
Mix of retail, office and residential
Total Income of £177,850 per annum
Well presented space throughout
Future development potential, STP
Property Description
154-156 Victoria Road comprises a terraced, three storey building of solid brick construction. The building is understood to have been originally constructed in the early 1900's, although has been extended and reconfigured more recently. The building is configured to provide a ground floor retail unit, independently occupied offices across ground, first and second floors and a separate second floor flat.
To the front of the property is a brick paved forecourt and there is a gated, tarmac surfaced courtyard/parking area to the side with space for 3-4 cars if parked in tandem. To the front of the property on Harvey Goodwin Avenue is a parking bay provided 4-5 spaces with 30 minutes free parking.
The ground floor is let to Gray & Toynbee (Cambridge) Ltd and guaranteed by Toynbee Gray Holdings Ltd on a 10 year full repairing and insuring lease from 20th May 2022 (approximately 7 years, 6 months unexpired) at a current rent of £30,000 per annum.
The office space is let to S-Tech Insurance Services Ltd / Alan Boswell Group Ltd for a term of 6 years on a full repairing and insuring lease from 2nd October 2019 (approximately 1 year unexpired) at a current rent of £132,850 per annum.
There is a second floor flat that is privately let at £1,250 pcm.
The freehold is for sale at a guide price of £2.25m.
Virtual Tour - https://launch360.uk/360views/154-156_Victoria_rd/index.htm
Viewings & Further Information
Property Description
154-156 Victoria Road comprises a terraced, three storey building of solid brick construction. The building is understood to have been originally constructed in the early 1900's, although has been extended and reconfigured more recently. The building is configured to provide a ground floor retail unit, independently occupied offices across ground, first and second floors and a separate second floor flat.
To the front of the property is a brick paved forecourt and there is a gated, tarmac surfaced courtyard/parking area to the side with space for 3-4 cars if parked in tandem. To the front of the property on Harvey Goodwin Avenue is a parking bay provided 4-5 spaces with 30 minutes free parking.
The ground floor is let to Gray & Toynbee (Cambridge) Ltd and guaranteed by Toynbee Gray Holdings Ltd on a 10 year full repairing and insuring lease from 20th May 2022 (approximately 7 years, 6 months unexpired) at a current rent of £30,000 per annum.
The office space is let to S-Tech Insurance Services Ltd / Alan Boswell Group Ltd for a term of 6 years on a full repairing and insuring lease from 2nd October 2019 (approximately 1 year unexpired) at a current rent of £132,850 per annum.
There is a second floor flat that is privately let at £1,250 pcm.
The freehold is for sale at a guide price of £2.25m.
Virtual Tour - https://launch360.uk/360views/154-156_Victoria_rd/index.htm