Convenience Store & Residential Investment, 13 Queens Park View, Handbridge , Chester
£256.63 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,169 sq ft
109 sq m
- SECTOR
High street retail property for sale
Key features
- Convenience Store & Residential Investment For Sale
- Prominent location in Handbridge, Chester
- £300,000 for the freehold
- 7.1% Net reversionary Yield
Description
The property comprises a mid-terrace mixed use property of traditional Victorian construction and comprises a ground floor retail unit fitted out in conventional newsagents/convenience store style with extension to the rear plus storage areas, staff facilities and a rear access onto Bradford Street.
At first floor the property comprises a residential two bed apartment which has been refurbished in recent times.
TENURE & TENANCY'S
The property is held freehold subject to the two occupational leases, ground floor commercial lease and first floor AST.
The commercial unit is let to a private individual dated 4 September 2020, for a term of 15 years at a rental of £7,300, with an upcoming rent review in September 2025 with an ERV is in the region of £12,000 pax.
The residential tenant is paying £625 per month, total rental income of £14,800 pax.
The combined estimated rental can be guided in today's marker to be in the region of £22,000 + pax.
PRICE
£300,000 for the freehold.
7.1% Net reversionary Yield
Convenience Store & Residential Investment For Sale
Prominent location in Handbridge, Chester
£300,000 for the freehold
7.1% Net reversionary Yield
Brochures
Convenience Store & Residential Investment, 13 Queens Park View, Handbridge , Chester
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chester Station1.0 miles
- Bache Station1.8 miles
Notes
Disclaimer - Property reference 2306FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by BA COMMERCIAL, BA Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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