Offers in region of
£240,000
(£277.78/sq. ft)
Retail premises for sale49 Chestergate, Macclesfield SK11
864 sq. ft
About this property
Freehold
Passing rent: £15,500 per annum
Located on the popular pedestrianised section of Chestergate
Long-established hairdressing salon trading successfully for many years
Attractive double-height shop front with first-floor display area
Net Initial Yield (approx): 6.4% (before purchaser's costs)
The property comprises a two-storey, traditionally constructed retail premises occupying a prominent position along the pedestrianised section of Chestergate, in the heart of Macclesfield town centre. The property benefits from an attractive double-height glazed shopfront, providing excellent visibility and natural light. The accommodation is arranged over ground and first floor levels, with the ground floor providing an open-plan retail / salon area, fitted out for its current use. The first floor provides additional ancillary accommodation, offering scope for further salon, retail or display space. The property is well maintained, reflecting its long-standing occupation by the current tenant. The property is let to an established local hairdressing business, currently holding over following expiry of the previous lease, at a passing rent of £15,500 per annum. The tenancy is on an internal repairing basis, with the tenant also responsible for repairs and decoration to the shopfront, while the landlord retains responsibility for the structure and other external maintenance.
Location
The property occupies a prominent position on Chestergate, one of Macclesfield's most popular pedestrianised retail streets within the town centre. Chestergate is home to a variety of independent and national retailers, cafés, and service businesses, creating a vibrant and busy shopping environment. Nearby occupiers include a mix of local boutiques, food outlets, and service providers, benefitting from strong footfall throughout the day. Macclesfield is a well-established market town in Cheshire East, approximately 16 miles south of Manchester and 7 miles north of Congleton, with excellent road and rail links via the A537, A523, and Macclesfield Railway Station, which provides regular services to Manchester, Stockport, and London Euston.
Viewings
Strictly by appointment only with Hallams Property Consultants or joint agents Greenham Commercial.
Terms
The premises are available by way of Freehold Disposal
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