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Elder House, Sealand Road, Chester

The subject property is located within the Park West area of Chester, approximately 2.4 km (1.5 miles) to the west of Chester city centre. Park West is an established office location which occupies a prominent position on the A548, Sealand Road. The property was constructed in circa 1991 and consists of a two storey office block. Major occupiers in Chester include Marks and Spencer’s Financial Services, Shell Chemicals, MBNA, National Westminster Banks, Bristol Myers Squibb and Capital Bank Plc.

Date Purchased:   December 2009
Tenure:   Long Leasehold
Tenants:   Crest Nicholson
Total Current Rent:   £108,000 per annum
Lease Expiries:   2020