Let to RAL Limited (a part of The Novomatic Group)
Lease expires in June 2024 (No breaks)
Important Rent Review in 2019
Prominent location close to The Grosvenor Shopping Centre
Nearby occupiers include Boots the Chemist, Costa Coffee and Caffè Nero
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 65
Auction 30th March 2017
Rent £28,697 per Annum Exclusive
Status Sold
Price £360,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
20 miles south of Manchester, 30 miles south-west of Sheffield
Roads
A523, A536, A537
Rail
Macclesfield Railway Station
Air
Manchester Airport
Situation
The property is situated on the northern side of the pedestrianised Chestergate, close to its junction with Market Place, in the heart of Macclesfield town centre. The property is located close to The Grosvenor Shopping Centre which houses occupiers including Boots the Chemist, Costa Coffee and Clarks whilst also providing car parking for approximately 340 cars. Other nearby occupiers include Betfred and branches of Halifax, Natwest and Yorkshire banks, with other occupiers represented in the town including Marks & Spencer, Superdrug, Iceland, New Look and JD Sports.
Tenure
Freehold.
Location
Miles
20 miles south of Manchester, 30 miles south-west of Sheffield
Roads
A523, A536, A537
Rail
Macclesfield Railway Station
Air
Manchester Airport
Situation
The property is situated on the northern side of the pedestrianised Chestergate, close to its junction with Market Place, in the heart of Macclesfield town centre. The property is located close to The Grosvenor Shopping Centre which houses occupiers including Boots the Chemist, Costa Coffee and Clarks whilst also providing car parking for approximately 340 cars. Other nearby occupiers include Betfred and branches of Halifax, Natwest and Yorkshire banks, with other occupiers represented in the town including Marks & Spencer, Superdrug, Iceland, New Look and JD Sports.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First Second
Retail Ancillary Ancillary
177.70 sq m 46.50 sq m 50.80 sq m
(1,913 sq ft) (501 sq ft) (547 sq ft)
RAL LIMITED (1) t/a Silvers Amusements
Approximately 15 years from 09/06/2009 until 23/06/2024 on a full repairing and insuring lease (2)
£28,697
24/06/2019
Totals
275.00 sq m
(2,961 sq ft)
£28,697
(1) For the year ending 13th June 2015, RAL Limited reported a turnover of £60,811,000, pre-tax profits of £3,311,000 and a total networth of £20,793,000. RAL Limited is part of Talarius Limited who are a part of The Novomatic Group. The Novomatic Group is one of the largest gaming technology companies in the world, employing over 28,000 people worldwide and reporting a turnover in excess of 3,900,000,000 Euros for 2015 (Sources: Experian Group and www.novomatic.com 28/02/2017). (2) The first and second floors are subject to a Schedule of Condition.