Prime freehold mixed use investment

The Cathedral City of Chester is one of the UK’s premiertourism and retailing destinations and the commercial and administrative centre for Cheshire. Opportunity to acquire a superbly located mixed use property comprising a 60-bedroom Travelodge, multi let leisure and offices comprising 40,689 sq ft .Prime position in Chester City centre, directly opposite Chester’s famous Roman Amphitheatre and a short distance from Chester’s prime retail pitch. Key tenants include Travelodge, Pizza Express, Optical Express and Ramboll UK. Total income of £926,091 per annum including guarantees. The WAULT is 11.34 years to break and 12.83 years to expiry. Excellent asset management opportunities relating to the office accommodation. Travelodge lease benefits from uncapped five yearly RPI uplifts.