Rate relief bait as central Cambridge retail units go on the market
On behalf of St John’s College, Savills has been appointed to market two retail units within Cambridge city centre – at 16 St Johns Street and 72 Bridge Street.
16 St Johns Street comprises 632 sq ft, which includes ground floor retail space and basement storage. The unit is situated in a prominent location along the established tourist route opposite St John’s College.
72 Bridge Street (pictured above) comprises 900 sq ft suitable for a range of A1 retail uses. The attractive period property is on one of Cambridge’s busiest thoroughfares and is now available to let.
Rupert Dando, surveyor in the business space team at Savills Cambridge, said: “Both these units provide an excellent opportunity to occupy coveted space within the historic centre of Cambridge, benefiting from the tourist footfall which is complemented by the surrounding retail and leisure offering.
“What’s more, small businesses and independent retailers, who satisfy the criteria set out in last month’s Budget announcement, will be able to capitalise on rates relief which will enable the city to keep attracting independent retailers. This should help to maintain a diverse and vibrant place that continues to appeal to shoppers.”