Longus House, Chester

PRIME FREEHOLD RETAIL HIGH STREET INVESTMENT IN AN AFFLUENT COUNTY TOWN

·       Located in the North West in the cathedral city of Chester, Cheshire’s county town

·       The affluent city of Chester is approximately 20 miles south of Liverpool and 13 miles north of Wrexham

·       Longus House is an attractive 48,400 sq ft listed Tudor style building, occupying a prime position on the pedestrianised Eastgate Street with an additional frontage to Eastgate Row and return frontage on Newgate Mall, the main entrance to the Grosvenor Shopping Centre

·       The property is configured to provide 7 retail units over basement, lower ground, ground and part first floor with office/leisure accommodation on the remaining part first, second and third floors

·       Grade II Listed offering almost 95% exemption from empty rates

·       Rebased and affordable rents providing excellent prospects for rental growth

·       WAULT to expiry of 7.80 years

·       ERV of £491,180

·       Freehold

·       Asset management opportunities including the potential re-purposing of the 2nd and 3rd floor offices to residential flats

·      Offers in excess of £3,985,000 reflecting a capital value of £82 psf