Summary - Miller House, Coniston Road, CHESTER CH2 2FL
1 bed 1 bath Commercial Property
### Standout Features:
- **Rental Income:** £55,000 per annum
- **Gross Initial Yield:** 7.59%
- **Tenancy:** Let until 2037 with a rent review in July 2027 (capped at 12.50%)
- **Established Tenant:** Heron Foods, a prominent UK discount retailer
- **Location:** Prime spot on Coniston Road, near Kingsway Shopping Centre
- **Condition:** Newly refurbished in 2022
- **Parking:** Shared off-street car parking
### Summary:
This substantial retail investment opportunity on Coniston Road, Chester, boasts a thriving tenanted unit with a lucrative annual income of £55,000, resulting in a solid gross initial yield of 7.59%. Leased to Heron Foods until 2037, the property features an open-plan retail space of 3,779 sq ft and has undergone a modern renovation, making it an attractive option for investors seeking reliable income. The tenant, one of the UK's leading discount food retailers, provides stability and growth potential, especially with a rent review slated for 2027.
Nestled in a predominantly residential area, the property is strategically positioned along a busy arterial route, ensuring a steady flow of foot traffic and visibility. Surrounding amenities, including Co-Op Food and local shops, create a vibrant commercial environment. While the lease has 15 years left and the current market may present some challenges with mortgage lending, this unique property holds significant potential for long-term value. Don’t miss out on this excellent investment opportunity in the heart of Chester!
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