Asking Price
Area Size
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area Gross

Property description

PRIME FREEHOLD RETAIL HIGH STREET INVESTMENT IN AN AFFLUENT COUNTY TOWN

Investment highlights

·       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

Last Updated Date: 23 Nov 2021

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Last Updated Date: 23 Nov 2021

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