Freehold Retail Investment (with Part Vacant Possession)
Part let to tenant trading as The Wardrobe
Part offered with Vacant Possession
Located opposite Marks & Spencer and close to WH Smith, Boots Opticians, Waterstones, Iceland, Mothercare and New Look
Lot 47
Auction 11th December 2014
Rent £25,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On the Instructions of Next
Property Information
Location
Miles
9 miles south-east of Wilmslow
20 miles south of Manchester
Roads
A523, A536, A537, M6
Rail
Macclesfield Railway Station
Air
Manchester Airport
Situation
The property is situated in an excellent trading location on the east side of the pedestrianised Mill Street in the heart of the town centre. The property is directly opposite Marks & Spencer. Other nearby retailers include WH Smith, Waterstones, Mothercare, River Island, Boots Opticians, JD Sports, Iceland and New Look.
Tenure
Freehold.
Location
Miles
9 miles south-east of Wilmslow
20 miles south of Manchester
Roads
A523, A536, A537, M6
Rail
Macclesfield Railway Station
Air
Manchester Airport
Situation
The property is situated in an excellent trading location on the east side of the pedestrianised Mill Street in the heart of the town centre. The property is directly opposite Marks & Spencer. Other nearby retailers include WH Smith, Waterstones, Mothercare, River Island, Boots Opticians, JD Sports, Iceland and New Look.
Tenure
Freehold.
Description
The property comprises two ground floor retail units, with ancillary accommodation on the first floors.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units, with ancillary accommodation on the first floors.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
36A
Ground First
Retail Ancillary
92.71 sq m 8.26 sq m
(998 sq ft) (89 sq ft)
MAISY CLOTHING LIMITED (t/a The Wardrobe)
5 years from 01/11/2013 (1)
£25,000
31/10/2018
36
Ground First
Retail Ancillary
106.83 sq m 100.70 sq m
(1,150 sq ft) (1,084 sq ft)
VACANT POSSESSION
–
–
–
Totals
308.50 sq m
(3,321 sq ft)
£25,000
(1) The lease provides for a tenant option to determine the lease on 1st May 2017 on six months’ prior notice. The Seller is holding a £7,500 rent deposit.
