A Freehold Detached Mixed Use Building, Extending to 1305.52 sq.m. (14053 sq.ft.) And Being 96% Occupied At A Passing Gross Rent Of £84295 pa. Potential Gross Yield Of Circa 14% When Fully Let At Open Market Rental Value.
Newgate House is a 2 storey L shaped office building with ancillary warehousing and yard to the rear. It sits in a business/office park area on the edge of Chester City, in close proximity to Airbus and Broughton Retail Park. The location benefits from rapid vehicular links (A5104/A55) and strong local employment and retail amenities.
The 10,974 sq.ft. office/warehousing is occupied by Lebran Limited, trading as ''Signworld''. There are a further 3 separate office suites totalling 3079 sq.ft, of which 984 sq.ft are vacant. There is potential to create a significant uplift in the rental income achievable from the property.
Current Leases
Factory One - 7481 sq.ft. or thereabouts. 20 Year Lease To Lebran Limited From 15 January 2021. 3 Yearly Rent Reviews. Tenant's Full Repairing and Insuring Terms. Current Rent £28496 per annum. Rent review due January 2027
Factory Two - 3493 sq.ft. or thereabouts. 5 Year Lease to Lebran Limited From 30 April 2023. Full Repairing and Insuring Terms. Rent increase to £20956 per annum to be implemented from 4 June 2026
Suite One - 1595 sq.ft or thereabouts. 5 Year Lease to Partners and Limited From 10 September 2025. Break Clause at Year 3. Full Repairing And Insuring Lease. Current Rent £25200 per annum includes gas, electric and water rates
Suite Two - Unoccupied. 984 sq.ft. Expected rental £9840 to include gas, electricity and water rates
Suite Three - 500 sq.ft. or thereabouts. Rolling 12 Month Agreement to Network Energy Ltd From 28 November 2025. Full Repairing And Insuring Lease. Current Rent £6960 Per Annum includes gas, electric and water rates.
* Plus 2% Buyers Premium plus VAT
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Material information will be provided within the legal pack- to download visit our website tcpa.co.uk.
The vendor reserves the right to withdraw the property for sale before the auction end date. Cash buyers or pre-approved mortgages/finance only.
Detached 2 Storey Building Circa 1264.83 sq.m
96% Occupied. Passing Gross Rent £84295 pa
Close To Broughton Retail Park And Airbus
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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