8 Mill Street Macclesfield Cheshire SK11 6LY

  • 8 Mill Street<br>Macclesfield<br>Cheshire<br>SK11 6LY

8 Mill Street
Macclesfield
Cheshire
SK11 6LY

Freehold Retail Investment

  • Entirely Let to Pandora Jewellery UK Ltd until June 2027
  • Approx. Floor Area of 132.51 sq m (1,424 sq ft)
  • Prime pedestrianised town centre location
  • Directly opposite The Grosvenor Shopping Centre
  • Nearby occupiers include Mountain Warehouse, FatFace, Clarks, Card Factory, Superdrug, Caffe Nero
  • VAT Free Investment
  • Lot
    33
  • Auction
    9th July 2024
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Freehold Retail Investment

  • Entirely Let to Pandora Jewellery UK Ltd until June 2027
  • Approx. Floor Area of 132.51 sq m (1,424 sq ft)
  • Prime pedestrianised town centre location
  • Directly opposite The Grosvenor Shopping Centre
  • Nearby occupiers include Mountain Warehouse, FatFace, Clarks, Card Factory, Superdrug, Caffe Nero
  • VAT Free Investment
  • Lot 33
  • Auction 9th July 2024
  • Rent £30,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
15 miles south of Manchester, 17 miles north of Stoke on Trent, 28 miles west of Sheffield
Roads
A523, A536, A537
Rail
Macclesfield Railway Station
Air
Manchester Airport
Situation

Macclesfield is an affluent Cheshire market town situated on the western edge of the Peak District National Park. The property is prominently situated on the eastern side of the pedestrianised Mill Street, the prime retailing thoroughfare in Macclesfield. The property is conveniently positioned directly opposite the entrance to the Grosvenor Shopping Centre. Nearby occupiers include Mountain Warehouse, FatFace, Clarks, Card Factory, Superdrug, Caffe Nero and a number of national retailers.

Tenure

Freehold.

Location
Miles
15 miles south of Manchester, 17 miles north of Stoke on Trent, 28 miles west of Sheffield
Roads
A523, A536, A537
Rail
Macclesfield Railway Station
Air
Manchester Airport
Situation

Macclesfield is an affluent Cheshire market town situated on the western edge of the Peak District National Park. The property is prominently situated on the eastern side of the pedestrianised Mill Street, the prime retailing thoroughfare in Macclesfield. The property is conveniently positioned directly opposite the entrance to the Grosvenor Shopping Centre. Nearby occupiers include Mountain Warehouse, FatFace, Clarks, Card Factory, Superdrug, Caffe Nero and a number of national retailers.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the basement, first and second floors.

With regard to the repairing liability under the terms of the lease, the Tenant has recently undertaken some works to the property as requested within the Landlord's interim schedule of dilapidations. The works have been carried out to the satisfaction of the Tenant's structural engineer, a position which has now been accepted by the Landlord. Please refer to the legal pack for further details in this respect.

VAT

VAT is not applicable to this lot.

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 basement, first and second floors.

With regard to the repairing liability under the terms of the lease, the Tenant has recently undertaken some works to the property as requested within the Landlord's interim schedule of dilapidations. The works have been carried out to the satisfaction of the Tenant's structural engineer, a position which has now been accepted by the Landlord. Please refer to the legal pack for further details in this respect.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
Ground
Basement
First
Second
Retail
Ancillary
Ancillary
Ancillary
65.11
9.00
29.20
29.20
(700)
(96)
(314)
(314)
PANDORA JEWLELLERY UK LTD
t/a Pandora
(1)
10 years from 23/06/2017
£30,000
Total  
132.51
(1,424)
(2)
   
£30,000

(1) For the year ending 31/12/2022 Pandora Jewellery UK Ltd reported a Turnover of £438,346,000, a Pre-Tax Profit of £49,979,000 and a Net Worth of £44,666,000 (NorthRow 05/06/2024).
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    04.07.24
    File Size
    19 MB
    Login to View
  • Brochure
    Updated Date
    12.07.24
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Pengillys 67 St Thomas Street
Weymouth
DT8 4HB
Matthew Rimmer 01305 768 888mdr@pengillys.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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