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A prime, substantial unbroken freehold retail parade investment
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The property comprises a continuous parade of 7 adjoining retail units located on the northern side and western section of Foregate Street which is considered 100% prime city centre retailing in conjunction with Eastgate Street.
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The holding is opposite Primark and Marks & Spencer’s with Wilko’s and River Island one unit removed.
The property includes two substantial LSU’s. The Boots main city centre large format store which they have occupied since the 1980’s and the former Bhs (now vacant).
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The Cathedral City of Chester is one of the premier retailing destinations within the UK and the commercial and administrative centre for Cheshire. The historic Roman Town was granted city status in 1541 and is one of the best preserved walled cities in Britain. The city is recognised for its historical and architectural appeal with the distinctive and unique feature of ‘The Rows’ creating one of the most attractive shopping environments in the UK.
The city is located in the north west of England approximately 20 miles (32 km) south of Liverpool, 35 miles (56 km) south west of Manchester and 205 miles (332 km) north west of London.
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​The property currently produces a total gross income of £1,182,175 per annum exclusive and a net income of £1,134,052 per annum allowing for current landlord shortfalls totalling £48,122.35 as set out in the Schedule of Tenancies and Accommodation.
Location
City Centre / Forgate Street
Developer
Green & Parners
Total site area
2.4 acre city centre site with an extensive 286ft (87.24m) frontage onto Foregate Street.
Suitable uses
Retail
Planning status
?
Potential investment
?
More information