Canal Street

Overview

Car park investment let on new 10 year lease

0.4 acres (0.16 hectares)

The property is let by way of a new full repairing and insuring lease to IPark Smart Ltd for a term of 10 years from 16th August 2024 at a rental of £45,833 per annum

Investment freehold - Offers in the region of £500,000, subject to contract and exclusive of VAT

A purchase at this level reflects a net initial yield of 8.76% (assuming purchasers costs of 4.7%)

Features

• 0.4 acres
• Chester City Centre location
• Let to IPark Smart Ltd for a term of 10 years