Prime Chester development site comes to market

A prime four-acre development opportunity site in the centre of Chester has been launched to market by CBRE.

The location comprises two vacant office buildings, Charterhall House and Tower House, and offers potential buyers a rare opportunity to acquire a strategic site with significant redevelopment opportunity.

The development site, located just 250 metres from Chester railway station and within the designated Business Quarter, currently comprises 105,517 sq ft of office accommodation set over two vacant freehold office buildings.

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 is a four-storey building comprising 45,244 sq ft containing a mix of open plan and private offices and meeting rooms.

The site area, which is arranged in three distinct plots and is available to purchase as a whole or as individual plots, offers potential for a new owner to refurbish or re-develop the properties for a variety of uses, including residential and leisure, subject to planning.

Located adjacent to popular city landmarks such as Muse Developments’ City Place mixed use scheme, Shot Tower, Waitrose and Shropshire Union Canal, the site’s surrounding area benefits from significant investment and strategic visioning.

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.

“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.”

He added: “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.”