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Convenience Store Hobson Sq

5,346 SF Retail Building Cambridge CB2 9GZ $4,233,652 CAD ($792 CAD/SF) 6.20% Cap Rate

Retail Space Cambridgeshire Cambridge Hobson Sq, Cambridge, CAM CB2 9GZ

Investment Highlights

  • Multi award winning new community by national developer Vistry Group
  • Close proximity to the internationally renowned Cambridge Biomedical Campus
  • Total income of £155,000 per annum
  • Hobson Square forms the commercial hub for the wider community
  • Attractive new build arranged over ground floor providing 5,346 square feet
  • Virtual freehold interest for sale at peppercorn rent

Executive Summary

Opportunity to acquire the virtual freehold interest of this attractive new build supermarket unit. The retail premises are let to Sainsbury's Supermarkets Limited on a 15 year lease from January 2023.

The vendor is seeking offers in excess of £2,350,000. A purchase at this level would reflect a net initial yield of 6.20%, assuming graduated purchaser’s costs of 6.35%.

Attachments

Hobson Square - Sainsbury's Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
5,346 SF
Year Built
2022
Price
$4,233,652 CAD
Price Per SF
$792 CAD
Cap Rate
6.20%
NOI
$262,486 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
7.22 AC
Frontage
105 ft on Poulter Walk

Amenities

  • Bus Line
  • Commuter Rail

Links

1 of 1

Nearby Major Retailers

Nisa
Waitrose & Partners
+44 7751 220817

Contact

  • Listing ID: 33034125

  • Date on Market: 2024-09-02

  • Last Updated:

  • Address: Hobson Sq, Cambridge CB2 9GZ

The Retail Property at Hobson Sq, Cambridge, CB2 9GZ is currently available for sale. Contact Green & Partners LLP for more information.

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Convenience Store | Hobson Sq
+44 7751 220817 x

Convenience Store | Hobson Sq

Ben Simpson

+44 7751 220817

+44 7751 220817

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