18 Bridge Street & 14 Bridge Street Row
Chester
CH1 1NQ

Freehold Retail and Residential Investment

  • 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
    08/Dec/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    Withdrawn Post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
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
18 Bridge StreetGroundRetail
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.

Property Documents

  • Catalogue Page
    Updated Date
    23.09.15
    File Size
    173 KB
    View PDF
  • Site Plan
    Updated Date
    23.09.15
    File Size
    68 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Martin SzamfeberMartin Szamfeber +44 (0)20 7034 4858 martin.szamfeber@acuitus.co.uk
Associate Auctioneers
Mason Owen & Partners Gladstone House, 11 Union Court
Liverpool
Merseyside
L2 4UQ
Jamie Moffatt +44 (0)151 242 3000jamie.moffatt@masonowen.com

Useful Links

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