Bedrooms
3 bedrooms
Bathrooms
2 bathrooms
Floor plan
1450 sq ft

3-bed, 2-bath (with games room & garden) - former 16th Century ale house set within Chester’s City Walls, optimised for short-term lets

Lower Bridge St, Lower Bridge Street, Chester, CH1

Building A 16th century former ale house, the building sits on Lower Bridge Street within the City Walls and 100m from both the main shopping district and the River Dee. The property is perfectly situated for short stay tourist accommodation and will be delivered inclusive of new kitchen, bathrooms, basement games/cinema room and landscaped garden. Design The interior design for this property had to acknowledge the property’s unique architectural character. The look is a modern take on a traditional design style, with clean cut wooden panelling and sleek metal details set against the rustic timber beams. Simply patterned soft furnishings, feature lighting and quirky accessories are placed throughout, set against a contemporary colour palette. The bathrooms will have a vintage feel with beautiful decorative encaustic style tile flooring, white metro tiles on the walls and elegant brass accents, inspired by traditional Victorian designs. All of the elements of the building, its decoration and the rustic inspired furnishings create a unique space with a modern twist, a true feeling of understated luxury. Project Purchase Price (1,450 sq ft) - £350,000 - £242 per sq ft Refurbishment (subject to final tender) - £41,000 - £28 per sq ft Project Cost (exc fees & interest) - £391,000 - £270 per sq ft Income We expect the property to net £2,000 - £2,250 per calendar month after deduction of all management and general maintenance & cleaning costs (before mortgage costs). Includes insurance surcharge. Accordingly, we expect this investment to deliver a net levered yield of 14%+ per annum, plus capital gain. What’s included? This Dot Revive-to-Rent project will come inclusive of: • Dot Fixed Price Guarantee* • Project managed by a Dot MRICS qualified surveyor • Bespoke design scheme developed by our in-house interiors team • Any required strip out and rubbish removal • New designer galley kitchen including new hob/oven • New designer bathroom(s) • Complete refresh to elevate the property to a high standard • Updated flooring and skirting throughout • Decoration, including freshly painted walls/ceilings and feature treatments (custom paper and/or paint) • Floor to ceiling voile curtains on Silent Gliss ceiling tracks on main windows, and black-out blinds in bedrooms • Wardrobes in all bedrooms • All electrical work for feature lighting (fittings in our Design Packs at additional cost) • Testing of mechanical and electrical installations • Upgrades to heating and hot water systems where required • Post-works snagging program & full clean * Guarantee subject to final contract price, post tender

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