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1 Stanley St 3,968 SF Office Building Chester CH1 2LR $869,623 ($219.16/SF)



Investment Highlights
- Very prominent position on the corner of Lower Watergate Street
- Private car parking
- City centre location
Executive Summary
The property is an impressive Grade II Listed corner building of traditional brick construction under a pitched slate roof. The main section of the building is arranged over three storeys with a two-storey extension and comprises a ground floor café and ancillary accommodation with independently accessed offices above plus attic and basement. The office accommodation is fitted out to a high standard and comprises a mixture of suites and meeting rooms together with kitchen and toilet facilities. Large timber-sashed windows providing excellent levels of natural lighting.
The freehold interest is offered for sale with vacant possession of the offices.
The ground floor café is let for 1 year from 18th April 2026 at £5,100 per annum (plus VAT) and can be terminated by either party on 2 month’s notice giving full vacant possession, if required.
The tenant has been in occupation for several years and this new lease formalises a historic concessionary arrangement. We believe the true rental value is well in excess of the passing rent.
The property has been measured on a Net Internal Area basis in accordance with RICS recommended practice as follows:
Ground Floor: 1,198 sq ft (111.3 sq m)
First Floor: 1,230 sq ft (114.3 sq m)
Second Floor: 888 sq ft (82.5 sq m)
Total: 3,316 sq ft (308 sq m)
Plus Basement: 652 sq ft (60.6 sq m)
The freehold interest is offered for sale with vacant possession of the offices.
The ground floor café is let for 1 year from 18th April 2026 at £5,100 per annum (plus VAT) and can be terminated by either party on 2 month’s notice giving full vacant possession, if required.
The tenant has been in occupation for several years and this new lease formalises a historic concessionary arrangement. We believe the true rental value is well in excess of the passing rent.
The property has been measured on a Net Internal Area basis in accordance with RICS recommended practice as follows:
Ground Floor: 1,198 sq ft (111.3 sq m)
First Floor: 1,230 sq ft (114.3 sq m)
Second Floor: 888 sq ft (82.5 sq m)
Total: 3,316 sq ft (308 sq m)
Plus Basement: 652 sq ft (60.6 sq m)
Property Facts
Sale Type
Owner User
Property Type
Office
Tenure
Freehold
Building Size
3,968 SF
Building Class
C
Year Built
1882
Price
$869,623
Price Per SF
$219.16
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
1,198 SF
Building FAR
1.52
Lot Size
0.06 AC
Parking
4 Spaces (1.26 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Signage
- Storage Space
- Demised WC facilities
- Fully Carpeted
- Smoke Detector
- Cafe
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1 Stanley St
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