Global real estate firm, CBRE, has launched a prime four-acre development opportunity site in the centre of Chester, offering potential buyers a rare opportunity to acquire a strategic site with significant redevelopment opportunities.
The development site, which consists of two vacant office buildings, Charterhall House and Tower House, is located just 250 metres from Chester Train Station. The site also lies within the designated Business Quarter and features 105,517 sq ft of office accommodation over the two vacant freehold buildings.
Commenting on the development, Neil Kirkham, Senior Director at CBRE Liverpool, said: “We are delighted to be appointed on this prime development site in Chester. The site offers a fantastic opportunity to transform the existing offering into an attractive new development to serve the surrounding community of Chester.”
The seven-storey Charterhall House totals 60,273 sq ft with a ground floor reception area and upper floors offering a mixture of private offices, meeting rooms, and a canteen.
Tower House, meanwhile, is a four-storey building comprising 45,244 sq ft containing a mix of open plan and private offices and meeting rooms.
Located adjacent to popular city landmarks, the site area is arranged in three distinct plots and is available to purchase as a whole or as individual plots. CBRE states that the site offers the potential for a new owner to refurbish or re-develop the properties for a variety of uses, including residential and leisure, subject to planning.
Neil adds: “With recent statistics showing strong office take-up in Chester over the past four years, high demand in the hospitality industry and a continued high demand for rental accommodation, we anticipate high interest in this plot for office refurbishment/redevelopment, Hotel development and likewise Chester’s affluent residential market will appeal to parties interested in pursuing a residential conversion or redevelopment opportunity.
“Sitting in such close proximity to Chester’s mainline train station and just a stone’s throw from the bustling leisure and retail circuit, this site really does have a multitude of highly desirable characteristics.”