Chester – 40 Foregate Street

Location

The property occupies a prime location on Foregate Street, adjacent to Body Shop and Mountain Warehouse and close to Marks & Spencer and Boots the Chemist.

Foregate Street is one of the principal shopping thoroughfares within the city, the soon to open Harrods Beauty further improving Chester’s attraction to shoppers and tourist visitors.

Description

The property is arranged over ground, first and second floors, having the following dimensions and areas:

Frontage:                              15’ 6”

Ground Floor Sales:            1,675 sq ft

First Floor Storage:                284 sq ft

Second Floor Staff:               227 sq ft

Rent

£50,000 pax.

Lease

Subject to vacant possession, the property is available on a new effectively full repairing and insuring lease for a term to be agreed.

Rating Assessment

Rateable Value: £35,500 pa.

This will qualify for the small business retail, hospitality and leisure multiplier of 38.2p.

Costs

Each party to be responsible for their own legal costs.

VAT

Prices, outgoings and rentals are exclusive of VAT, which will be charged at the prevailing rate.

EPC

The property has an energy rating of ‘C’.

Agent’s Note

It is a legal requirement under Anti-Money Legislation that we must verify the identity of a proposed tenant once a letting has been agreed.

The proposed tenant may be required to provide appropriate information before instructing solicitors and consent to this being checked by an external agency.