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 Available
Guide* £250,000+
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
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.
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.
