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Retail Units & Shops

Cheshire

Chester

property

Let

7-11 St Werburgh Street St Werburgh Street, Chester, CH1 2DY

Use Class

Size

1,475 sq ft

Rent pa

POA

Price

£640,000

Market Sector

Retail & Shopping Park

Key Features

Situated on St Werburgh Street in close proximity to Chester Cathedral
St Werburgh Street connects the prime retail pitch of Eastgate Street to Northgate Street
Let to Country Couture Ltd t/a Barbour
Reversionary lease expiring 31 July 2027
Passing rent £40,000 pa
Fixed rent increase to £44,000 pa from 1 August 2022
Seeking offers in excess of £640,000 subject to contract and exclusive of VAT
Net Initial Yield: 5.94% after costs at 5.16%
Reversionary Yield from August 2022: 6.54% after purchaser’s costs at 5.16%

Description

Freehold Retail Investment For Sale

The premises comprise an end terrace retail unit of mock Tudor construction beneath pitched roofs. The premises provide ground and first floor sales areas with ancillary accommodation at basement and second floor. The property currently trades as a Barbour franchise.

Location

The historic and affluent cathedral city of Chester has a resident population of 132,087 and an estimated catchment population of 810,000 people ranking the city 15th out of the PROMIS centres.

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.