5 November, 2019
Freehold Chester Investment Sale
Acting on behalf of Private clients, BA Commercial have recently sold the freehold investment of Border House, High Street Saltney, CH4 8SE.
The property comprised a roadside investment opportunity, with a ground floor occupied by National Tyres and Practical Van Hire. An area is let to Lock Stock Self Storage, with the first floor being occupied by a yoga studio. The property provides a total of 730 sq m (7,122 sq ft) on a site of 0.61 acres.
The premises had a current existing rental income of £58,950 pax, with potential ERV of over £60,000 pax. The majority of the income is provided by the main tenant National Tyres and Autocare.
Fraser Crewe who handled the sale on behalf of BA Commercial commented “The building has been let on a multi-occupied basis in recent years. The premises were sold off market and we are delighted to have been able to conclude a sale to a known commercial investor purchasers who were keen to extend their portfolio within Chester.”
For all commercial property investment requirements call BA Commercial on 01244 351212.