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

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
8th December 2011
Rent
£44,900 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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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 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Status Withdrawn Post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

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.