* Freehold
**Key Points**
* Mixed investment opportunity
* Existing businesses unaffected
* Total Gross Internal Retail Area 2, 312 sq ft
* Total Current rent passing £35, 600 per annum
* Net Initial Yield after costs 7. 2%
**Description**
The property comprises of a prominently located investment comprising of a
lock up commercial unit trading as Vets4Pets and a two bedroomed self
contained residential flat with additional ground rent income from Newton
Stores that are let on long leases within the freehold interest of the
property.
The ground floor of the part two storey and part single property that is let
to vets4pets provides a Total Gross Internal Floor Area of approximately 2, 312
ft sq (214. 77 m sq). This is arranged as consulting rooms and welfare
facilities. To the first floor of the property structure there is a two
bedroomed self contained residential flat that benefits from a separate
external metal staircase. The residential flat provides a Total Gross Internal
Floor Area of approximately 649 ft sq (60. 29 m sq). The flat has pedestrian
access to a paved outside external seating area that is accessed via French
doors from the sitting room in the flat.
The property is of steel framework clad in brickwork with a flat roof covers
to the two and single storey structures.
The ground floor of the property is let to Vets4Pets Veterinary Group Limited
(Company Number 04263054) on an occupational lease with an unexpired term of
approximately 5 years and the flat is let on an 12 month Assured Shorthold
Tenancy from 13th October 2023 and is fully income producing.
The rest of the property ownership comprises car parking areas that serve the
neighbourhood centre and the freehold ownership of properties held on long
leasehold tenures, subject to ground rent payments.
The property ownership is under Title Number CH23970 and a small area land
that is unregistered and subject to an indemnity policy.
The Total Site Area is approximately 0. 262 acres (0. 106 hectares).
**Location**
The property is prominently located fronting onto Brook Lane at the junction
with Ermine Road in the area of the City of Chester known as Newton. The
property forms part of a small neighbourhood parade that includes a Morrisons
convenience store and residential flats. The parade serves the surrounding
residential area.
The property is situated approximately 1 mile north east of Chester City
Centre and located within proximity of the A56 and approximately 0. 75 miles
south east of the Countess of Chester Hospital.
Chester is a cathedral city and the county town of Cheshire and lies on the
River Dee, close to the English/Wales border. The city had a population of
79, 645 at the 2011 census. The city is a hub for major roads including the M53
motorway to Liverpool, M56 motorway to Manchester, The A55 that runs along the
North Wales coast to Holyhead and the A483 that links the city to Wrexham.

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