1,169 sq ft (108.60 sq m)
For Sale £300,000
Convenience Store & Residential Investment For Sale
Prominent location in Handbridge, Chester
About property
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.
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