Retail premises for sale in Convenience Store & Residential Investment, 13 Queens Park View, Handbridge, Chester CH4

Description

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