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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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

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

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.