SALE OF GAP KIDS CAMBRIDGE
A prime retail investment on Market Hill in the heart of Cambridge city centre has been sold by St John’s College Cambridge to a private investor for £2.5m, reflecting a net initial yield of 7.18%.
The shop at 2 Market Hill overlooks the busy daily market close to its junction with Petty Cury. The shop totals 6,000 sq ft and is let to GPS (Great Britain) Ltd t/a GAP Kids on a 10 year full repairing and insuring lease expiring 25th March 2022 at a current rent of £191,000 per annum.
HRH Retail advised the vendor; the purchaser was represented by Fairlie Norbury Real Estate.