Your email has been sent.
47-49 Chestergate 1,500 sq ft Retail Unit Offered at £240,000 in Macclesfield SK11 6DG
Investment Highlights
- Tenanted retail investment situated in the heart of Macclesfield town centre
- Occupies a prominent trading position on Chestergate
- Passing rent: £15,500 per annum
Executive Summary
The property occupies a prominent trading 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.
1 Unit Available
Unit 49
| Unit Size | 1,500 sq ft | Sale Type | Investment |
| Price | £240,000 | Tenure | Freehold |
| Price Per sq ft | £160.00 | Net Initial Yield | 6.40% |
| Unit Use | Retail | NOI | £15,360 |
| Unit Size | 1,500 sq ft |
| Price | £240,000 |
| Price Per sq ft | £160.00 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.40% |
| NOI | £15,360 |
Description
The property comprises a two-storey, traditionally constructed retail building under a pitched roof, with a feature double-height glazed shop front providing excellent visibility onto Chestergate.
Ground Floor: Open-plan salon / retail area with modern shop fit
First Floor: Ancillary accommodation / additional salon or display space
Condition: Well maintained, reflecting long-term occupation by the current tenant
Sale Notes
The layout and frontage provide flexibility for continued retail or alternative Class E uses in the future.Tenancy
Tenant: Long-established local hairdressing business
Passing Rent: £15,500 per annum
Lease: Holding over on an expired lease
Repairing Basis: Internal repairing with external decoration and shop front repair basis
Property Facts
| Total Property Size | 1,930 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 430 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1850 |
| Costar Property Class | C | Total Plot Size | 0.02 ac |
| Total Property Size | 1,930 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | C |
| Floors | 2 |
| Typical Floor Size | 430 sq ft |
| Year Built | 1850 |
| Total Plot Size | 0.02 ac |
Amenities
- 24 Hour Access
- Security System
- Storage Space
Nearby Major Retailers
Presented by
47-49 Chestergate
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.