Lot

Auction: April 2023 Online Auction 26/04/2023 - Bidding opens Tuesday 25th April 10:00 AM

13 Bridge Street & 15 Bridge Street Row, Chester, Cheshire CH1 1NG

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Property Details

Location

Description

An outstanding freehold investment and potential future development opportunity comprising a ground floor retail unit and separate three storey retail premises at row and upper floor levels. The ground floor is let to Pound Bakery at £30,000 per annum whilst the row level and floors above are let to an independent jewellers at £22,000 per annum producing a total combined annual income of £52,000. Additionally there may be future residential re-development potential of the upper floors, subject to any necessary consents.

Location

The property fronts onto Bridge Street at ground and row level in an enviable pitch in the heart of Chester City Centre. Bridge Street is one of the main shopping thoroughfares in the City benefitting from recent 7 day pedestrianisation with a variety of neighbouring national retailers and restaurants.

Accommodation

Pugh and Co have not measured the property internally and the following dimensions have been provided by the vendor;

Ground Floor:	91 Sq M (982 Sq Ft)
First Floor:	90 Sq M (973 Sq Ft)
Second Floor:	64 Sq M (697 Sq Ft)
Third Floor:	66 Sq M (713 Sq Ft)

Outside

Rear courtyard with pedestrian access to row level.

Approx Site Area

Approximatley 219 Sq M (262 Sq Yds).

Planning

Interested parties should consult direct with the Local Planning Office, Cheshire West and Chester Council, The Forum Office, Chester, CH1 2HS. Tel: 0300 123 7027. E-mail: [email protected].

Tenancy

The ground floor is let to S&PB Retail ltd t/a Pound Bakery at £30,000 per annum on a lease expiring 28th September 2025. Pound Bakery is a multi-national tenant with over 50 outlets across the north of England and Wales.

The row level and upper floors are let to an independent jewellers t/a Lotus Diamonds at £22,000 per annum on a lease expiring in 2027.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 25TH APRIL AND CLOSES ON WEDNESDAY 26TH APRIL 2023.

3. The properties are entered in the 2017 Rating List as follows:

13 Bridge Street - "Shop and Premises" with a Rateable Value of £32,750.
15 Bridge Street - "Shop and Premises" with a Rateable Value of £26,750.
The Rateable Value (RV) is not the amount payable.

4. The property is Grade II Listed.