Magnificent investment opportunity in Chester to purchase the freehold of a tenanted Free house within a large, historic and beautiful looking property. Set in idealic surroundings, in close proximity to the local schools, colleges, universities and the town centre shops, situated close to major road links into Chester.
The property, the origins of which are believed to date back to the mid 19th century, has been well cared for and well maintained, retaining some of the character and style one would expect to find in a property of this period and type. The Free house currently holds a pub which has been in business for over ten years with 8 years of the lease remaining.
In its current configuration, the building benefits from a beautiful pub garden to the side of the building, with seating available.
Parking is available close by.
The tenants currently pay £28,000 per year. Rent is guaranteed from two separate tenants, and benefits from a full repairing lease.
Benefiting from a highly desirable yield in excess of 7%, this beautiful historic building would suit any investor looking to add to their portfolio.