£225,000
(£131.89/sq. ft)
Office for saleSt John Street, Chester CH1
1,706 sq. ft
Just added
About this property
Fri Lease until December 2036
Let to a Dental Practice
Rental £18,000 pax
No VAT
Chester
Chester is a strong regional commercial city in the Northwest, and the administrative centre of Cheshire.
An historic City, Chester attracts over 30 million visitors a year, drawn by attractions including the world famous Rows, the Cathedral, the City walls, Racecourse, Chester Zoo and Storyhouse Theatre. An attractive mix of multiple and independent retailers draw shoppers from across the region.
Major employers in the city include Marks and Spencer Financial Services, Bank of America, Bristol Myers Squibb and gb Group, whilst Chester University offers over 200 undergraduate and post graduate courses to more than 19,000 students.
Chester benefits from strong regional highway links to Manchester and Liverpool via the M56 and M53 motorways, the A55 North Wales Expressway connecting the city to North Wales, the port of Holyhead, and beyond to Ireland.
Chester has a resident population exceeding 120,000 people with a catchment population of over half a million within 15 miles.
Location
Located on St John Street, roughly equidistant between Foregate Street and Pepper Street in the heart of the City centre. Buildings in the immediate locality include shops, offices and hospitality venues.
Description
Comprising a 4 storey building constructed of brick under a slate roof, and arranged on basement, ground, first and second floors.
Internally the building comprises several individual rooms accessible via an attractive central staircase leading from a ground floor reception area.
Currently used as a dental surgery, the property is suitable for a number of uses within Class E.
Approximate internal measurements:
Basement: 192 sq ft
Ground Floor Reception/Waiting/Surgery: 586 sq ft
Ground Floor Storage: 109 sq ft
First Floor Surgeries: 404 sq ft
Second Floor Staff/Storage: 415 sq ft
Total Net Area: 1,706 sq ft
The property is Listed Grade II, entry number EN1375921.
Lease
The property is let on a full repairing and insuring lease, expiring 31 March 2030. On 1 April 2030 a reversionary lease by reference commences for a Term expiring 30 December 2036.
Rent
The current rent is £18,000 pax, this being subject to an upward only rent review on 1 April 2027 and again on the last day of the contractual term. There is a rent review on 1 April 2034 under the reversionary lease by reference.
Tenant
Love The Dentist Chester Ltd. Company No. 13188126. A personal guarantee is provided by a Director and Shareholder of the company.
Tenure
Freehold title absolute. Title number CH107429.
Price
£225,000, reflecting a net initial yield after costs of approx. 7.75%.
The current rent is considered reversionary and a yield in excess of 9% should be achievable following the next rent review.
Rating assessment
Rateable Value £15,500 pa.
VAT
VAT is not chargeable on the sale.
Costs
Each side will be responsible for any/all legal costs incurred by them in executing the lease agreement.
EPC
The property has a current energy rating of 'E'.
Agent's note
It is a legal requirement under Anti-Money Legislation that we must verify the identity of a proposed purchaser once a sale has been agreed.
The proposed purchaser will be required to provide appropriate information before instructing solicitors and consent to this being checked with an external agency.
Viewing & information
Strictly by appointment through the Sole Agents Kenneymoore.
Subject To Contract.
Chester is a strong regional commercial city in the Northwest, and the administrative centre of Cheshire.
An historic City, Chester attracts over 30 million visitors a year, drawn by attractions including the world famous Rows, the Cathedral, the City walls, Racecourse, Chester Zoo and Storyhouse Theatre. An attractive mix of multiple and independent retailers draw shoppers from across the region.
Major employers in the city include Marks and Spencer Financial Services, Bank of America, Bristol Myers Squibb and gb Group, whilst Chester University offers over 200 undergraduate and post graduate courses to more than 19,000 students.
Chester benefits from strong regional highway links to Manchester and Liverpool via the M56 and M53 motorways, the A55 North Wales Expressway connecting the city to North Wales, the port of Holyhead, and beyond to Ireland.
Chester has a resident population exceeding 120,000 people with a catchment population of over half a million within 15 miles.
Location
Located on St John Street, roughly equidistant between Foregate Street and Pepper Street in the heart of the City centre. Buildings in the immediate locality include shops, offices and hospitality venues.
Description
Comprising a 4 storey building constructed of brick under a slate roof, and arranged on basement, ground, first and second floors.
Internally the building comprises several individual rooms accessible via an attractive central staircase leading from a ground floor reception area.
Currently used as a dental surgery, the property is suitable for a number of uses within Class E.
Approximate internal measurements:
Basement: 192 sq ft
Ground Floor Reception/Waiting/Surgery: 586 sq ft
Ground Floor Storage: 109 sq ft
First Floor Surgeries: 404 sq ft
Second Floor Staff/Storage: 415 sq ft
Total Net Area: 1,706 sq ft
The property is Listed Grade II, entry number EN1375921.
Lease
The property is let on a full repairing and insuring lease, expiring 31 March 2030. On 1 April 2030 a reversionary lease by reference commences for a Term expiring 30 December 2036.
Rent
The current rent is £18,000 pax, this being subject to an upward only rent review on 1 April 2027 and again on the last day of the contractual term. There is a rent review on 1 April 2034 under the reversionary lease by reference.
Tenant
Love The Dentist Chester Ltd. Company No. 13188126. A personal guarantee is provided by a Director and Shareholder of the company.
Tenure
Freehold title absolute. Title number CH107429.
Price
£225,000, reflecting a net initial yield after costs of approx. 7.75%.
The current rent is considered reversionary and a yield in excess of 9% should be achievable following the next rent review.
Rating assessment
Rateable Value £15,500 pa.
VAT
VAT is not chargeable on the sale.
Costs
Each side will be responsible for any/all legal costs incurred by them in executing the lease agreement.
EPC
The property has a current energy rating of 'E'.
Agent's note
It is a legal requirement under Anti-Money Legislation that we must verify the identity of a proposed purchaser once a sale has been agreed.
The proposed purchaser will be required to provide appropriate information before instructing solicitors and consent to this being checked with an external agency.
Viewing & information
Strictly by appointment through the Sole Agents Kenneymoore.
Subject To Contract.
Mortgage calculator
Monthly repayment
£1,125 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}