Freehold shop investment for sale in Cambridge
A freehold shop investment is being marketed in Mill Road, central Cambridge, by Robinson Layer. It has been let to what the agents describe as “a reliable tenant” with eight years to run on the lease at a rent of £16,000 a year.
It is located at the Parker’s Piece end of Mill Road, next door to the Lagona Lebanese Restaurant and The Bike Shed.
Mark Robinson of the agents said: “This property has five residential flats above and behind it which have been sold off on 99 year leases at £200 ground rents each to provide a further £1,000 a year of income.
“The asking price is £270,000 which makes it an attractive investment showing a yield of just over six and a quarter percent.”
For more details call Mark Robinson on 01223 346195 or email: mbr [at] robinsonlayer.co.uk