7 August, 2018
Hoole, Chester Retail Investment Sale
Acting on behalf of a private client, BA Commercial have recently sold 19 Charles Street, Hoole, Chester, CH2 3AY.
The premises comprise a prominent corner retail premises occupied by Chester Beer & Wine, with accommodation over two floors, totalling 123 sq m (1,342 sq ft). The property was let on a balance of a lease at a current rental of £11,500 pax, subject to review, and has been sold off at an asking price of £225,000, being purchased by a private investor through his SSAS.
Justin Rice-Jones, who handled the sale, commented “the sale of the building attracted a good degree of interest given that Hoole is an extremely popular area, which has seen strong rental and capital growth in recent years. A sale has been agreed to a local investor who had been looking for an opportunity in the Hoole area, and the price reflects the demand for opportunities of this type in thriving neighbourhood centres on the outskirts of Chester”.