Shield House, 38-42 Chester Street, Saltney, Chester, Cheshire, CH4 8BJ
Property Type: Investment
Tenure: For Sale
For Sale: £495,000 for the Freehold
Property Features
INVESTMENT FOR SALE
PROMINENT MULTI-LET INVESTMENT PROPERTY
ACTIVE MANAGEMENT POTENTIAL
FULLY LET, 2 SHOPS & 4 RESIDENTIAL FLATS
GROSS INCOME £48,000 PLUS MANAGEMENT CHARGE
PRICE IN REGION OF £495,000 NO VAT
The property comprises a substantial mid-terraced multi-let commercial and residential investment building, which has been owned by the current vendors for a substantial number of years.
Shield House is of conventional brick construction beneath pitched roofs, and is arranged over three main storeys but together with a basement area and yard for the shops. There is pedestrian access from Mount Pleasant to the rear.
The property has been let as an investment for a number of years comprising two ground floor and basement shop units, together with separate street accessed flat arranged on first and second floors, providing four residential units.
The ground floor units are well appointed comprising a tanning salon and tattoo shop on ground floors and basement, which are well appointed with timber glazed shop fronts, and recessed entrances. In addition, separate street access leads from Chester Street to well appointed first and second floor flats, each being one bedroomed and occupied by relatively long standing tenants.
Location
The historic and affluent Cathedral City of Chester with a population in excess of 140,000, is the administrative centre for the County of Cheshire and is an important tourist destination, attracting over 8 million visitors per annum. Saltney is a suburb of Chester being located approximately 2.5 miles south west of the City Centre, also 2.5 miles east of Broughton, and 6.5 miles south west of Deeside and Queensferry.
The immediate area has seen considerable investment in recent years with a number of industrial estates having been developed together with private housing. The area being formed along the A5104 and is located on the Flintshire and Cheshire border. The area has good road communication links with swift access to the A55 North Wales Expressway.
The property is situated between Curzon Street and Mount Pleasant, benefiting from a wide pavement frontage and there is access to a car parking area, directly off Curzon Street.