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130 Foregate St 1,406 sq ft Vacant Retail Property Chester CH1 1HB £250,000 (£177.81/sq ft)

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INVESTMENT HIGHLIGHTS

  • Prominent location
  • Close proximity to Chester Train Station
  • Close to a number of bars and restaurant
  • Wide pavement providing opportunity for external seating subject to the usual consent of local authority

EXECUTIVE SUMMARY

This is an opportunity to acquire a fully fitted restaurant-take away and to be open and trading quickly. The landlords can either grant a new lease unit on a term of years to be agreed, or sell a new 125 year long lease at peppercorn rental. In either case a premium is required for the fixtures and fittings, and the tenants will be responsible for apportioned costs of maintaining the exterior and fabric of the property.
The landlords are prepared to grant a new long lease for a term of 125 years at a peppercorn rental for a price of £250,000.
This property is a three storey mid-terraced building; the two upper floors are given over to separately accessed residential accommodation of 4 flats. The self-contained ground unit was comprehensively re-fitted as a restaurant and take-away in early 2025. This refit extends to all the internal surfaces being clad in food grade walling, and brand-new kitchen range with completely new extraction systems and rear storerooms.

PROPERTY FACTS

Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,406 sq ft
Costar Property Class
B
Year Built
1887
Price
£250,000
Price per sq ft
£177.81
Occupancy Rate
Vacant
Tenancy
Multiple
Number of Floors
4
Floor To Floor Height
9 ft
Plot ratio
0.65
Total Plot Size
0.05 ac
Frontage
27 ft on Foregate St

AMENITIES

  • Restaurant
  • Security System
  • Storage Space
  • Smoke Detector

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • POSITION
  • AVAILABLE
  • Ground
  • 526 sq ft
  • Restaurant
  • In-Line
  • Now

The Unit is available on a new effective FR&I lease for a term of years to be agreed, subject to 5 yearly rent reviews., at a rental of £25,000pa NO VAT.

Space Size Space Use Position Available
Ground 526 sq ft Restaurant In-Line Now

Ground

Size
526 sq ft
Space Use
Restaurant
Position
In-Line
Available
Now

Ground

Size 526 sq ft
Space Use Restaurant
Position In-Line
Available Now

The Unit is available on a new effective FR&I lease for a term of years to be agreed, subject to 5 yearly rent reviews., at a rental of £25,000pa NO VAT.

NEARBY MAJOR RETAILERS

Caffè Nero
Starbucks
Tesco
Iceland
Waitrose & Partners
Morrisons
Lloyds Bank
HSBC
Metro Bank
Santander
  • Listing ID: 29615351

  • Date on Market: 25/09/2023

  • Last Updated:

  • Address: 130 Foregate St, Chester CH1 1HB

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