16 Chester Street Saltney Chester Cheshire CH4 8BJ

16 Chester Street
Saltney
Chester
Cheshire
CH4 8BJ

Freehold Shop and Residential Investment

Comprises a Ground Floor Shop and a Self-Contained First Floor Flat
Shop Let to Subway Realty Limited (t/a Subway) until 2028 (no breaks)
Includes Rear Car Parking
Forms Part of Established Local Retail Parade
Nearby occupiers Include Domino's Pizza, Asda and Numerous Local Retailers
VAT-Free Investment

Lot
37
Auction
9th July 2024
Rent
£26,400 per Annum Exclusive
Status
Sold
Price
£265,000
Auction Venue
Live Streamed Auction

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Freehold Shop and Residential Investment

Comprises a Ground Floor Shop and a Self-Contained First Floor Flat
Shop Let to Subway Realty Limited (t/a Subway) until 2028 (no breaks)
Includes Rear Car Parking
Forms Part of Established Local Retail Parade
Nearby occupiers Include Domino's Pizza, Asda and Numerous Local Retailers
VAT-Free Investment

Lot 37
Auction 9th July 2024
Rent £26,400 per Annum Exclusive
Status Sold
Price £265,000
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 1.5 miles south-west of Chester City Centre, 6 miles south-east of Liverpool, 18 miles south-west of Warrington
Roads: M56, M53, A55, A41, A51
Rail: Chester Railway Station
Air: Manchester Airport, Liverpool John Lennon Airport

Situation

The property is situated in Saltney, 1.5 miles south-west of Chester City Centre, on the north side of Chester Street (A5104) between its junctions with Mount Pleasant and Curzon Street. The property forms part of an established local retail parade where the immediate locality is predominantly residential with nearby occupiers including Domino's Pizza, Asda and numerous local retailers.

Tenure

Freehold.

Location

Miles: 1.5 miles south-west of Chester City Centre, 6 miles south-east of Liverpool, 18 miles south-west of Warrington
Roads: M56, M53, A55, A41, A51
Rail: Chester Railway Station
Air: Manchester Airport, Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with a separately accessed self-contained flat on the first floor.
The property also benefits from a rear yard with car parking for two cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Shop: B, Flat: D

Description

The property comprises a ground floor shop with a separately accessed self-contained flat on the first floor.
The property also benefits from a rear yard with car parking for two cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Shop: B, Flat: D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Reversion
Ground	Retail	82.58	(889)	SUBWAY REALTY LIMITED (CRN: 04174473)(2)	10 years from 10/04/2018	£18,000	09/04/2028
First	Residential	-	(-)	AN INDIVIDUAL	Assured Shorthold Tenancy from 25/05/2024	£8,400 (3)	24/05/2025
Total Approximate Commercial Floor Area		82.58	(889)			£26,400

(1) The above floor areas have been taken from the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/5290132)
(2) For the year ending 31/12/2022 Subway Realty Limited (CRN: 04174473) reported a turnover of £51,207,156, pre-tax profit of £4,653,720 and a net worth of £7,873,728 (Source: Northrow 13/06/2024)
(3) The rent shown above has been annualised

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.