Parade of 2 Freehold Retail Investments
UNEXPECTEDLY BACK ON THE MARKET
Summary
- Main Road Town Centre Location
- Majority Let to Coral Racing Limited
- Attractive Building
- Roadside Parking
- 2 no. Individual Tenancies
Accommodation
| Name | sq ft | sq m |
| Unit - 103 Main Street | 2,167 | 201.32 |
| Unit - 103A Main Street | 201 | 18.67 |
| Total | 2,368 | 219.99 |
Location
Frodsham is a vibrant market town situated 11 miles north east of Chester City Centre and 16 miles south of Liverpool close to the M56 motorway.
The investment occupies a prominent position on the A56 Main Street, the major thoroughfare through the town and is close to the railway station which links to all surrounding areas.
Get directions from Google Maps
Mainline Stations
-
Frodsham3 mins
-
Helsby44 mins
-
Runcorn58 mins
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Runcorn East65 mins
Underground Station
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Chesham2730 mins
-
Amersham2766 mins
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Chalfont and Latimer2795 mins
-
Chorleywood2832 mins
Further Information
Price Offers in excess of £265,000
Rates Payable Upon Enquiry
EPC Rating This property has been graded as E (110)
Description
The Grade II listed building comprises 2 individual shops arranged over basement, ground, first and second floors with Coral Racing occupying the majority of the upper floor accommodation.
The property is brick built under a pitch slate roof and has been partly extended at the rear in parts. Roadside parking is immediately available at the front with ample parking provision at the rear and around the town.
Services
Mains electricity, gas, water and drainage are connected.
Tenancy Information
103 Main Street - A new continuation 5 year FR&I lease with tenants only break in year 3, has been agreed with Coral at a rent of £17,000 per annum.
103a Main Street - An individual let on a 5 year lease from 12/11/2025 at £8,500 per annum. The Lease is outside the Landlord & Tenant Act 1954.
Total rental income: £25,500 per annum.
Asking Price
We are instructed to seek offers in excess of £265,000 for the sale of the freehold interest of the property, which will show a purchaser an attractive gross initial yield of approximately 9.62% after usual purchasers costs.
VAT
We are advised that VAT is not applicable to the property.
Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations, two forms of Identification and confirmation of the source of funding will be required from the successful purchaser.
Legal Costs
Each party are to be responsible for their own legal costs involved in the transaction.
Gallery
