Town centre location close to Marks & Spencer, Tesco Metro, B&M Bargains, Iceland , JD Sports, WHSmith and Lloyds Bank
High yielding on Guide Price
Lot 54
Auction 11th July 2018
Rent £50,000 per Annum Exclusive
Status Sold
Price £500,000
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 occupies a prominent corner pitch on the western side of Mill Street, at its junction with Exchange Street. Other occupiers on Mill Street include Marks & Spencer, JD Sports, Iceland, WHSmith, Superdrug and Burton, with Tesco Metro also located nearby. The Grosvenor Shopping Centre is located nearby housing occupiers including Boots the Chemist, Costa Coffee and Clarks, whilst also providing car parking for approximately 340 cars.
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 occupies a prominent corner pitch on the western side of Mill Street, at its junction with Exchange Street. Other occupiers on Mill Street include Marks & Spencer, JD Sports, Iceland, WHSmith, Superdrug and Burton, with Tesco Metro also located nearby. The Grosvenor Shopping Centre is located nearby housing occupiers including Boots the Chemist, Costa Coffee and Clarks, whilst also providing car parking for approximately 340 cars.
Tenure
Freehold.
Description
The property comprises a large ground floor shop with ancillary accommodation on the first floor.
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 large ground floor shop with ancillary accommodation on the first floor.
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
Ground First
Retail/Ancillary Ancillary
258.28 sq m 280.10 sq m
(2,780 sq ft) (3,015 sq ft)
NATIONAL COUNCIL OF YOUNG MEN'S CHRISTIAN ASSOCIATIONS t/a YMCA (1)
5 years from 23/06/2015 on a full repairing and insuring lease
£50,000
Total
538.35 sq m
(5,795 sq ft)
£50,000
(1) YMCA is the oldest and largest youth charity in the world. They operate more than 90 shops in the UK, supporting over 220,000 people in England and Wales (Source: www.ymca.org.uk 08/06/2018).
