Located in the affluent and historic Cathedral city of Chester.
Freehold retail unit in a prime position on the pedestrianised Northgate Street.
11.5 years remaining to Pret A Manger (Europe) Limited.
Nearby national retailers include Zara, Gap, White Company, Superdrug, Miss Selfridge, Starbucks and Molton Brown.
Passing rent of £140,000 per annum exclusive.
An ERV of £152,000 per annum exclusive.
We are seeking offers in excess of £2,645,000 (Two Million, Six Hundred and Forty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 5% and a reversionary yield of 5.43%, allowing for purchasers costs of 5.8%.