LOT 37 - Chester

18-28 Northgate Street, & 1/3 Music Hall Passage, Chester, Cheshire, CH1 1HA

Attractive Grade II Listed Freehold Parade of Shops, Leisure & Residential Investment with Development Potential

Sold Prior

Key Features
  • Comprises three shops, a public house & seven flats
  • Public House let until 2032 with Authorised Guarantee Agreement to Mitchells & Butlers Retail Ltd
  • Includes a shop let until 2029 with Authorised Guarantee Agreement to Starbucks Coffee Company (UK) Ltd (7)
  • Excellent pedestrianised city centre location close to Chester Cathedral
  • Residential Development Potential to Upper Floors (1)
  • VAT is applicable
  • Six Week Completion Available

Total Current Rent Reserved
£461,360 p.a. (4)(4)


A Major UK Fund Manager
  • The historic cathedral city of Chester is the administrative centre for the county of Cheshire and a popular tourist destination. It is located some 21 miles south of Liverpool and 41 miles south-west of Manchester.
  • Excellent road communications with both the M56 and M53 within 4 miles to the north providing access to Manchester and Liverpool respectively, whilst the A55 is just to the south and provides access to North Wales to the west.
  • The Forum Shopping Centre is some 50m to the north on Northgate Street
  • Chester Cathedral is approximately 130m to the North of the property
  • The property is situated on the east side of Northgate Street, close to its junction with Eastgate Street, one of Chester's main shopping streets, and also fornts onto St Werbergh Street where the Cathedral is located
  • Occupiers close by include: Zara & The White Company, Pret a Manger, Hotel Chocolat, L'Occitane en Provence, Superdrug, Pandora & Skipton Building Society amongst many others
  • The flats are accessed via Leen Lane, as well as a passgeway adjacent to 18-20 Northgate St (Starbucks).
  • Mountain Warehouse (22 - 24 Northgate St) trade from ground and first floors with ancillary accommodation to the second & third floors.
  • 26-28 Northgate comprises ground floor sales space with ancillary accommodation on the upper floors.
  • Music Hall Tap fronts Music Hall Passage and onto St Werbergh St where the Cathedral is located.
(1) The upper floors of 22 - 28 Northgate Street may lend themselves to a variety of alternative uses and redevelopment, including residential & student accommodation, subject to existing leases and obtaining all the necessary consents. All enquiries should be made with the local authority:
Chester West & Chester Council
Website: www.cheshirewestandchester.gov.uk

VAT is applicable to this lot.

Additional Charges
  • Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
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