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Chester

Pret A Manger

21/23 Northgate Street, CH1 2HA
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  • Offers in excess of£2,645,000
  • Net initial yield5.00%
  • Reversionary yield5.43%
  • ERV£152,000 pa
  • Passing rent£140,000 pa
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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%.

Contacts

  • James Pearson
    • 020 7647 4817
    • 07817 410 361
  • Simon Morris
    • 020 7647 4802
    • 07974 170 043

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