12 Bridge Street, Chester, Cheshire, CH1 1NQ

LOCATION
The subject property is located on the pedestrianised part of Bridge Street only a few yards from Chester Cross and the junction with Foregate Street / Watergate Street. This is a prime city centre retailing location with surrounding occupiers including French Connection, Smiggle, Carluccio's, Rohan, Café Rouge and the soon to open Giggling Squid in the former Tessuti unit. Chester serves as a main retailing centre for affluent Cheshire, Wirral and North Wales and continues to be one of the top UK tourist destinations attracting over 8 million tourist visits each year.

DESCRIPTION
12 Bridge Street is a substantial freehold property arranged over ground and three upper floors and has in the past traded over all four floors which benefit from excellent internal stairway connections between them. It has separate entrances from both street level and row level so could easily be split to provide a ground floor shop and a separate row level shop if so required. The previous use was a restaurant / café and the property has been extensively fitted out for this purpose at ground floor floor and row level with extensive seating areas, customer WC's and bar. The second and third floors provide large commercial kitchens, staff welfare and a lot of unused open place space. A particular feature of the property is an attractive historical rear vaulted area which provides the ground floor shop with substantial individuality. While the premises is currently a fully fitted out restaurant, it is suitable for a variety of alternative retail and commercial uses with the extent of the accommodation provided, particularly on the upper levels, also creating interesting development potential.

ACCOMMODATION
The property has been measured on a Net Internal Area basis in accordance with RICS recommended practice as follows:

Ground Floor
Sales Area: 1,365 sq ft (126.8 sq m)

Row Level
Sales Area: 1,060 sq ft (98.5 sq m)
WC's: Not measured

Second Floor
Open Plan Space: 872 sq ft (81 sq m)
Commercial Kitchens: 725 sq ft (67.4 sq m)

Third Floor
Open Plan Space: 929 sq ft (86.3 sq m)
Stores: 281 sq ft (26.1 sq m)
WC's: Not measured
Total: 5,232 sq ft (486.1 sq m)

TERMS
The freehold of the property is available to purchase at a price of £750,000 exclusive.

Consideration would also be given to a letting at a rent of £65,000 per annum exclusive. Terms of lease to be negotiated.

VAT
We are advised that the property is not elected for VAT and therefore, VAT will not be charged on the sale price or rent.

BUSINESS RATES
The Valuation Office Agency Website has assessed the Rateable Value at £65,000 creating an estimated rates payable of £32,435 per annum.

Please contact the Business Rates Department directly for confirmation.

ENERGY PERFORMANCE
An Energy Performance Certificate is in the process of being prepared and is available upon request.

CODE FOR LEASING BUSINESS PREMISES
We draw your attention to the RICS Code for Leasing Business Premises which came into effect on 1st September 2020, a full copy of which is available for viewing via the agent.