Property Information
Address:
54 King Street Cambridge Cambridgeshire CB1 1LN
,
CB1 1LN
Price: Property no longer available.
Size: SOA
Primary Category: Leisure
All Categories:
Leisure,
Property Ref/Movehut: MH523874
Property Ref/Agent: 195
*Please use the agent ref when calling the agent directly.
Property description
Central Cambridge leisure opportunity
Key Points
828 sq ft Gross External Area - (77 sq m)
Superb CB1 position in Cambridge's City Centre
Established business rarely available
Ground and 1st floor trading areas
Ancillary storage space & staff accommodation at 2nd floor
Location
Clowns is located in the centre of Cambridge along the busy thoroughfare of King Street close to both Market Square, the Grafton Centre, Christ Pieces and Midsummer Common. King Street is an established retail and leisure pitch with nearby occupiers including The Cambridge Brewhouse, St Radegund, D'Arrys, The Champion of the Thames and The King Street Run, the latter named after the street's location as a leisure venue. The renowned business has been established over many years, has excellent TripAdvisor rating, and provides a rare opportunity in such a central Cambridge location.
Property
Clowns is acharactermid terrace 3 storey brick built property behind parapet wall. The ground floor is accessed by a lobby entrance into a ground floor trading area with the benefit of a feature wooden bar servery and is laid out for 30 covers. The bar is well equipped with fridges, coolers, sink and back bar fittings. To the rear is a commercial trade kitchen with various commercial equipment, washer, fridge and sink and pass to the rear. A disabled WC is located to the rear and there is access to a basement cellar from behind the servery.
The 1st floor is accessed via a side staircase and provides an open plan dining and function area (c 40 covers) plusmale and female WC's. To the rear is an external roof terrace with both fixed and loose seating (c 20 covers).
The 2nd floor provides an office area plus further storage and staff accommodation withbathroom with WC, sink and shower.
Tenure
The property is a free of tie fully repairing and insuring lease held from Christ's College from 25th March 2002 for a termof 20 years, subject to 5 yearly rent reviews,expiring in 2022 at a current rent of 16,750 per annum, exclusive of VAT. The agreement is inside the Landlord & Tenant Act 1954.
Planning
The property benefits from A3 Use Class (Restaurants & Cafe).
We are advised that the property is Grade II listed and is situated within a Conservation Area.Applicants are advised to make their own enquiries to Cambridge CityCouncil at .
Licensing
The property is licensed for the supply of alcohol from 10.00-00.00 Mon-Sat and 12.00-23.30 Sun with occasional extensions available. A copy of the Premises Licence can be provided on request or obtained through Cambridge City Council.
Premium
The vendor is inviting offers in excess of 100,000 for their leasehold interest inclusive of all goodwill and trade fixtures & fittings. Stock at valuation will be payable in addition on completion.
Rates & Charges
Business Rates
7,903.50 per annum (based on a Rateable Value of 16,500)
Council Tax
0 2nd floor accommodation is not separately assessed
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