The Foundation, Herons Way, Chester Business Park, Chester, Cheshire, CH4 9GP

£4,550,000

Size

28,985

Tenure

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EPC

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Parking

187

Primary use
Other
Other use(s)
Traditional office

Key features

  • High profile detached building
  • Located at entrance to Chester Business Park
  • Fully let
  • Asset management opportunities
  • £4,550,000 for the freehold
  • TOGC Sale
  • NIY 12 %
  • £157 psf
  • 24 hour access and parkwide security
  • Parking allocation of 1:155 sq ft with secure barrier access

Description

Landmark office investment fully let to low risk and very low risk occupiers.

Landmark office investment located at the entrance to Chester Business Park, one of the north west's most prestigious and most successful office parks.

28,985 sq ft of high-quality office accommodation across two floors.

Fully let to three tenants plus additional solar income, with all occupiers classed as 'Low Risk' or 'Very Low Risk'.

50% of income is from a FTSE 250-listed company, for which the property acts as its' global HQ.

Passing rent of £581,652 per annum reflecting a low rate of £20.07 per sq ft (inclusive of car parking).

EPC - B

A large 2.68 acre site with 187 car parking spaces.

Freehold investment - Seeking offers over £4,550,000 subject to contract and exclusive of VAT.

NIY - 12%
Capital value - £157 per sq ft

Chester has excellent transport infrastructure making it popular as a business and commuter destination. The city has a resident population of 138,875, increasing to approximately 5.3 million people within a 1 hour drive time.
Chester occupies a strategic location in the North West c. 20 miles south of Liverpool and c. 35 miles south West of Manchester.
Chester is the primary commercial hub for Cheshire. The cities multimodal connectivity, first class amenities and a highly skilled employee catchment create a desirable business environment for both companies and staff.
Chester Business Park occupies a prime location approximately 1.5 miles south of Chester city centre, with immediate access to the A55 and A483, providing strong connectivity across Cheshire, the North West and North Wales.
Additional information
Service charge
£0
Business rates
£0
Use class
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Listed building
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Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

The Foundation, Herons Way, Chester Business Park, Chester, Cheshire, CH4 9GP

NEAREST STATIONS

National Rail

Chester Station

2.69 miles

National Rail

Bache Station

3.37 miles

About Legat Owen, Chester

Legat Owen, Chester

Legat Owen is a multi-disciplinary, general practice firm of Chartered Surveyors established in 1986 with a head office in Chester.

We offer a full range of services including agency (industrial, office, retail/roadside/leisure, investment & land/development), property management, landlord & tenant, valuation, building surveying, development consultancy and rating. As a multi-disciplinary commercial property consultant, departments work alongside one another to provide a full complement of services to our clients as required.

Geographically, the practice acts across the whole of the UK with particular emphasis on the North West of England and Wales.

For the future, the company will continue to concentrate on its core strengths of delivering expert property advice on a personalised basis.

As a testament to these values, the Directors and staff are proud of the fact that we are still involved with many of the clients for whom we first acted for nearly forty years ago.

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