Retail premises to let in Watergate Street, Chester CH1

Proposition

These former banking premises were converted to a single property some years ago and currently present as a single building over 5 floors (including basement stores).

Currently occupied by a pop-up art gallery, we have been instructed to offer the entire premises as arranged. The landlords are prepared to assist is the relocation of the existing large sales staircase.

Location

This property is located in the very heart of the Cathedral City of Chester. As can be seen from the goad plan attached this is a central position right on the 'Cross' and directly opposite the proposed new 5* Wildes Hotel.

Property

This is a self-contained property forming part of the City's famous rows, to which it has a separate frontage.

It also abuts a passageway at row level that leads to a rear Courtyard and the Commercial Hotel. This is a very busy open live music events space in the City, to which the unit also has a rear frontage.

Having a double width shopfront, the ground floor is arranged with a split level open front sales area leading to two separate rear offices.

A theatrical internal staircase heads to the upper floors. The property has been extensively and bespoke arranged to high quality office use but would be suitable for reconversion to largely open plan space over most floors as most of these alterations are non-structural.

Mindful of possible hospitality uses, provision could also be made for enhanced use of the basement for WC and stores.

Accommodation

Frontage 22'0”
Internal width 20'6” widening to 21'6”
Depth: 41'0”
Gross Net
Ground Floor : 844 sq ft 681 sq ft
Row Level 565 sq ft 275 sq ft
Row +1 720 sq ft 484 sq ft
Row +2 790 sq ft 708 sq ft
Basement 420 sq ft 420 sq ft
________ ________
3,339 sq ft 2,368 sq ft

Rating assessments

Presently assessed at £37,500 pa.

Interested parties should make their own enquires with the Local Authority.

Planning

The property is grade II Listed and is located within a conservation area. Tenants will need to be aware that alterations and signage will need appropriate consents.

Lease

The property is to let by way of a new F&I lease for a term to be agreed, subject to 5 yearly rent reviews.

Rent

Offers in the region of £52,500 pa payable quarterly in advance on the usual quarter days.

VAT

The property is not elected for VAT.

EPC

The property has a current EPC rating of C.

Costs

Each party to be responsible for their own legal costs.

Subject to contract