The property comprises ground floor, basement and first floor with attic storage space. The building is of brick construction beneath a slate roof.
Also available by separate negotiation and located to the rear of the property is 10 Gresham Road, Cambridge a detached one bedroom residential annexe with independent vehicular access being marketed for £550,000 for the freehold.
10 Gresham Road is currently rented on an Assured Shorthold Tenancy for six months at £1,450 per calendar month.
Cambridge is an important commercial centre and driver of the national and regional economy. The City is known for the strength of its skilled workforce across various high-tech bioscience pharmaceutical research and development sectors. Well-known occupiers include Apple, Amazon, Microsoft, AstraZeneca etc. The property is located in a prime location in the centre of the City. Glisson Road is walking distance of Cambridge Station. Cambridge is situated approximately 60 miles north of London. Direct mainline rail services are available from both Cambridge and Cambridge North Stations.
The entire property is let to Oasis Dental Care (Southern) Limited on a lease dated 27 March 2023 and the contractual term expires on 31 March 2030 at a current rent of £40,000 per annum. A rent deposit is held by the Landlord.
The rent review takes place 1 April 2028, review to open market rent. The annual rent (exclusive of VAT) of which the property could reasonably be expected to let, A) in the open market, B) at the review date and C) applying the assumptions and disregard
The property is not listed but is situated within a conservation area.
We understand this transaction is exempt from VAT.
Description: Surgery and Premises
Local Council: Cambridge
Local Council Reference: 000035000555500A
Valuation Scheme Reference: 589210
Special Category Code: 437G
The fixtures and fittings are currently owned by the occupational tenant.
Money laundering regulations require Redmayne Arnold & Harris to conduct checks upon all purchasers. Respective purchasers will need to provide proof of identity and residence.
Strictly by appointment through the sole agents Redmayne Arnold & Harris, contact: Nick Harris, tel: 01223 819315, email: nharris@rah.co.uk All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants or staff.
