7 & 9 Chestergate Macclesfield Cheshire SK11 6BX

7 & 9 Chestergate
Macclesfield
Cheshire
SK11 6BX

Freehold Retail Investment

  • 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
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • 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
  • 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.

Property Documents

  • Catalogue Page
    Updated Date
    12.11.19
    File Size
    639 KB
    View PDF
  • Site Plan
    Updated Date
    12.11.19
    File Size
    771 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Garner Canning 11 Aldergate
Tamworth
Staffordshire
B79 7DL
Vanessa Rigby 01827 314 004vanessarigby@garnercanning.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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