The Foundation

Overview

Landmark office investment fully let to low risk and very low risk occupiers.

Landmark office investment located at the entrance to Chester Business Park, one of the north west's most prestigious and most successful office parks.

28,985 sq ft of high-quality office accommodation across two floors.

Fully let to three tenants plus additional solar income, with all occupiers classed as 'Low Risk' or 'Very Low Risk'.

50% of income is from a FTSE 250-listed company, for which the property acts as its' global HQ.

Passing rent of £581,652 per annum reflecting a low rate of £20.07 per sq ft (inclusive of car parking).

EPC - B

A large 2.68 acre site with 187 car parking spaces.

Freehold investment - Seeking offers over £4,550,000 subject to contract and exclusive of VAT.

NIY - 12%
Capital value - £157 per sq ft

Features

• High profile detached building
• Located at entrance to Chester Business Park
• Fully let
• Asset management opportunities
• £4,550,000 for the freehold
• TOGC Sale
• NIY 12 %
• £157 psf
• 24 hour access and parkwide security
• Parking allocation of 1:155 sq ft with secure barrier access

Location

Chester has excellent transport infrastructure making it popular as a business and commuter destination. The city has a resident population of 138,875, increasing to approximately 5.3 million people within a 1 hour drive time.
Chester occupies a strategic location in the North West c. 20 miles south of Liverpool and c. 35 miles south West of Manchester.
Chester is the primary commercial hub for Cheshire. The cities multimodal connectivity, first class amenities and a highly skilled employee catchment create a desirable business environment for both companies and staff.
Chester Business Park occupies a prime location approximately 1.5 miles south of Chester city centre, with immediate access to the A55 and A483, providing strong connectivity across Cheshire, the North West and North Wales.