PRIME CAMBRIDGE SHOP NETS OVER £1M
A prime retail investment in Petty Cury in the heart of Cambridge has been sold by Lydford Estates to The Ludgate Estates for £1.31m, reflecting a net initial yield of 4.75%.
The unit at 35 Petty Cury totals 1,073 sq ft and is in arguably Cambridge’s finest retailing location, almost opposite the Lion Yard shopping centre. It is let to Timpson on a 10-year lease with around eight years unexpired.
HRH Retail jointly advised the vendor.