Saltney, Chester Investment Sale

Saltney, Chester Investment Sale

Acting on behalf of private Management clients, BA Commercial have recently sold 14 High Street, Saltney, Chester, CH4 8SE. The property comprised an end-terraced building comprising a long-established Funeral Directors at ground floor level, extending to 121.6 sq m (1310 sq ft) together with a large first floor two bed vacant flat and has been sold at an asking price of £199,000.

The ground floor let on the balance of a 10 year lease from 2013 at a current rental of £9,150 pax.

The property has been purchased by an established Chester based investor, who will refurbish and re-let the flat.

Justin Rice-Jones, who handled the sale, commented “this is a prominent building on the main arterial road into Chester, and we are pleased we have been able to conclude a sale on behalf of the client who had owned the building for a number of years. This shows continuing interest in mixed use investments in the Chester area, which will, following a letting of the flat, produce an attractive return to the purchaser.

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