65 Garden Lane, Chester, Cheshire
Property Type: Retail
Tenure: For Sale
Space: 798.32 Sq Ft (74.16 Sq M)
For Sale: £200,000 for the Freehold
Property Features
FOR SALE
RETAIL INVESTMENT OPPORTUNITY
The property comprises a ground floor commercial unit with residential accommodation, in the form of a one bed flat, at first floor. It has rear access and is currently fitted out as a commercial bakery.
The property is held Freehold and subject to the occupational leases. The Ground Floor is let at £7,992 per annum. For 10 years from 9th March 2021. The tenant has breaks in 2024 and 2026. The lease is subject to a rent review in 2026. Estimated increase £10,000 per annum.
The flat is let at £6,000 per annum. (Estimated Market Rental £7,200 Per annum)
Total Current Income £13,992 Per annum
(Total Estimated market Rental £17,200 per annum)
Location
The property is located in the Garden Lane area to the north of Chester City Centre.
The area is popular with students and young professionals as it offers excellent transport links within close proximity to the City Centre and benefits from a mix of cafes, retail shops and professional service businesses.
Agents for 65 Garden Lane
Please get in touch with our property agents to with any enquiries you have about this property