W own and let a number of retail parades in or near to residential areas in Cambridge.
Properties are let for five-year periods in accordance with our retail properties lease, which you can find at the bottom of this page.
Unless otherwise specified, all premises are suitable for A1 use only.
Arbury Court is located off Alex Wood Road, approximately three miles north of the city centre.
Our retail properties at Arbury Court comprise 15 shops ranging in size from 442-1,222 square feet (41-114 square metres).
The premises are situated on the ground floor, with residential properties on the 1st, 2nd and 3rd floors.
All shops have large display windows and ample storage and yard space to the rear. Unless it is specifically advertised otherwise, all premises are for A1 use only.
Current tenants include a post office, a chemist and a supermarket.
Retail properties lease
The lease for a retail unit will be in a standard form, with the main terms and conditions set out as below.
Incoming lessees are responsible for any takeover or connection charges and are liable for our legal costs of approximately £650, including a non-refundable deposit of £200 which is payable in advance.
A successful application to let a property is subject to the receipt of satisfactory references.
If a lease is taken in the name of a limited company we will require a personal guarantor.
Please be aware that the form of the final lease may vary slightly and this is provided only as an example.
- The lease is for a term of three years.
- Rent is:
a. payable monthly in advance by direct debit
b. exclusive of business rates
c. exclusive of service charge which will be payable in advance on an estimated figure which will be annually adjusted to actual expenditure
d. exclusive of any VAT which may become payable
- The tenant will reimburse the council the periodic premiums payable by the council in respect of the insurance of the structure.
- The tenant will be responsible for internal non-structural repairs, internal decoration and gas and electrical safety checks.
- The tenant is not to make any alterations or additions which affect the structure or exterior of the building without the prior written consent of the Head of Property and Building Services. Such consent may be given or withheld at his sole discretion.
- The tenant must comply with all statutes and regulations relating to the demised premises including the Health and Safety at Work Act. The tenant is not to cause nuisance from noise, odour or accumulation of materials or waste.
- The tenant not to assign, underlet or otherwise part with possession of the whole or any part of the demised premises at any time
- The tenant may at any time after the expiry of the first six months of the lease, but prior to the commencement of the last six months, surrender the lease on giving of not less than three calendar months notice in writing. This is subject to payment of the council's reasonable legal costs.
- The tenant is to ensure that parking is restricted to the spaces provided and that no obstruction is caused to the service area, yard or highway. A parking control service ensures that parking is restricted to those authorised by permit.
- The tenant to take a lease in the form prepared by the Director of Legal and Democratic Services and pay all reasonable costs arising therefrom.
- A code for commercial property leases has been prepared to guide business landlords and potential tenants. This is now available from the Royal Institution of Chartered Surveyors (telephone 020 7222 7000).