Retail premises for sale in Castle Street, Macclesfield SK11

Fixed price £450,000 (£16,994.46/sq. ft)
Retail premises for sale From 2 - 56 sq. m*
Interested in this property? Call +44 1942 566622 * or Request Details

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Property description

***investment as part of A portfolio****
Traditionally constructed the property provides some 120.85m2 (1301 sq. Ft) restaurant/kitchen area to the ground floor and some 27.4 m2 (295 sqft) storage to the first floor.
The property is to be sold subject to a new 15-year Fri lease at a commencing rent of £26,000 per annum. This rent is considered to be highly reversionary giving prospect of good rental growth at review.

The property is in a prime location in the town centre of Macclesfield close to Marks & Spencer’s, jd Sports, Tesco Extra and Iceland Foods.

Our client is seeking a consideration of £450,000 + VAT for the freehold interest equating to a niy of 4.42% after the usual costs of purchase. (a net yield of 7.45% based on the erv)

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
PR Gibbs & Co, BL5 on +44 1942 566622 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by PR Gibbs & Co, and do not constitute property particulars. Please contact PR Gibbs & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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