Property photos
Freehold
£300,000
(£256.63/sq. ft)
Retail premises for sale
Convenience Store & Residential Investment, 13 Queens Park View, Handbridge, Chester CH41,169 sq. ft
Local area information
Property location
Nearby amenities
- Queen's Park High School 0 miles
- The Catholic High School, Chester A Specialist Science College 0.3 miles
- Chester 1 mile
- Bache 1.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Chester to find out more about the local area.
Features and description
- Freehold
- Convenience Store & Residential Investment For Sale
- Prominent location in Handbridge, Chester
- £300,000 for the freehold
- 7.1% Net reversionary Yield
Description
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.
Tenure & tenancy's
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
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.
Tenure & tenancy's
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
More information
Listed by
BA Commercial
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