18 St Werburgh Street

Chester
Location
Investment For Sale
Availability
£275,000
Price
Description
• Located within the historic city centre of Chester and inside the city walls
• Situated fronting St Werburgh Street in close proximity to Chester Cathedral.
• Adjacent to Brooke Taverner and opposite The Botanist
• Let to LSBR Limited t/a Canteen for a term of 10 years from July 2024 (Tenant Break Option July 2029).
• Initial rent: £25,000
• Not elected for VAT
• Freehold
• Seeking offers in excess of £275,000 subject to contract and exclusive of VAT
• Purchase price reflects a Net Initial Yield of 8.83% after purchaser’s costs of 2.98%
The subject property is situated on the east side of St Werburgh Street which connects the prime retail pitch of Eastgate Street to Northgate Street where the city’s new leisure development can be found. Chester Northgate is home to an indoor food market, a 6 screen Picturehouse cinema, a multi-storey car park (788 spaces) along with a host of cafes, bars, and restaurants occupied by both local and national operators including Cosy Club (Loungers), Zizzi and Turtle Bay.

National occupiers within the immediate vicinity of the subject include White Stuff, Ecco, Seasalt, Natwest and Soul Trader.

The subject forms part of a Grade II* Listed block of properties designed by John Douglas and constructed at the end of the 19th Century. The accommodation is arranged over 4 storeys and provides a ground floor “lunch stop / coffee shop”, first floor seating area with ancillary accommodation at basement and second floor.

Property Agent

Andrew Scott image black and white

Andrew Scott

Email: andrew.scott@masonowen.com

07786171406

Andrew is an experienced Chartered Surveyor and Registered Valuer, who has been a valuable member of the Mason Owen team since joining in 2004.  With years of experience in the industry, Andrew has a wealth of knowledge and expertise in the commercial property market.

Andrew is passionate about his work and is dedicated to providing our clients with exceptional service that consistently exceeds their expectations.  He is highly skilled in negotiation, communication and problem solving which allows him to effectively manage client relationships and navigate complex situations.  His in-depth market knowledge, coupled with his strong work ethic and attention to detail ensures our clients receive accurate and reliable advice that meets their specific needs.

Andrew Scott