Retail Showrooms for sale in CB2, Cambridge

Commercial Property in CB2 available for sale

Retail Properties for Sale Near the CB2, Cambridge

5 Market Hl

Cambridge, CB2 3NJ

Retail for Sale
£1,795,000
2,983 sq ft

Air Conditioning
Security System

Cambridge Retail for Sale

5 Market Hill represents an extremely rare freehold retail investment occupying a 100% prime position on the eastern side of Market Hill, at the heart of Cambridge’s historic retail core. The property comprises an attractive Grade I listed timber-framed building, dating back to the 17th century, arranged over basement, ground and upper floors and extending to approximately 2,441 sq ft. The ground and part first floors provide retail sales accommodation, with additional ancillary space across the upper floors. The property is fully let to House of Wizard Limited on a 10-year lease from August 2023, generating a current passing rent of £100,000 per annum, with an upwards-only open market rent review in August 2028 and a tenant break option in August 2029. The lease is held outside the Landlord and Tenant Act 1954, providing added flexibility to the landlord. The rent is considered reversionary, with an estimated rental value of £120,000 per annum, supported by strong comparable evidence within the immediate vicinity. Situated directly opposite Cambridge’s historic market square, which is subject to an ongoing regeneration programme, the asset benefits from exceptional footfall driven by both a thriving retail environment and significant tourist activity, with approximately 8.1 million visitors per annum. The property therefore offers investors a combination of secure income, reversionary potential and long-term asset quality in one of the UK’s most affluent and supply-constrained retail markets.