Prime pedestrianised location in affluent and historic city centre
Let until 2020 (subject to option)
Neighbouring occupiers include French Connection, Café Rouge, Swarowski, L'Occitane, Jigsaw and Santander
Six Week Completion Period Available
Lot 5
Auction 8th December 2011
Rent £44,900 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
16 miles south-east of Liverpool, 18 miles south-west of Warrington, 34 miles south-west of Manchester
Roads
M56, M53, A55, A41, A51
Rail
Chester Rail
Air
Manchester Airport, Liverpool John Lennon Airport
Situation
Chester is an affluent and historic city with good communication links via the M53, M56 and A56. The property is situated on the west side of Bridge Street close to the entrance to The Grosvenor Shopping Centre and to The Cross. Nearby occupiers include French Connection, Café Rouge, Swarowski, L'Occitane, Jigsaw and Santander.
Tenure
Freehold.
Location
Miles
16 miles south-east of Liverpool, 18 miles south-west of Warrington, 34 miles south-west of Manchester
Roads
M56, M53, A55, A41, A51
Rail
Chester Rail
Air
Manchester Airport, Liverpool John Lennon Airport
Situation
Chester is an affluent and historic city with good communication links via the M53, M56 and A56. The property is situated on the west side of Bridge Street close to the entrance to The Grosvenor Shopping Centre and to The Cross. Nearby occupiers include French Connection, Café Rouge, Swarowski, L'Occitane, Jigsaw and Santander.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with self-contained residential accommodation on the three upper floors known as 14 Bridge Street Row.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with self-contained residential accommodation on the three upper floors known as 14 Bridge Street Row.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
18 Bridge Street
Ground
Retail
53.14 sq m
(572 sq ft)
LIMEGRANGE LTD (t/a Maya)
10 years from 18/10/2010 (1) until
£38,000 (2)
2015
14 Bridge Street Row
First Second Third
Residential – Four Rooms
72.57 sq m
(781 sq ft)
Individual
Assured Shorthold Tenancy 1 year from 22/06/2011
£6,900
Totals
125.71 sq m
(1,353 sq ft)
£44,900
(1) The tenant has the option to determine the lease on the 5th anniversary of the term. (2) Under the terms of the lease, the current rent reserved is £33,250 per annum exclusive. The lease provides for a fixed rental increase to £38,000 per annum exclusive from 18th October 2012. The seller will pay the buyer the difference between the current rent reserved of £33,250 per annum exclusive and £38,000 per annum exclusive from completion of the sale until October 2012. As a result the property will produce a total income of £44,900 per annum exclusive from the completion of the sale.
