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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
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 6.40% |
| Sale Type | Investment |
| Net Initial Yield | 6.40% |
| Tenure | Freehold |
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
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
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
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 49 | 1,500 sq ft | Retail | £240,000 (£160.00/sq ft) | £15,360 |
Unit 49
| Unit Size |
| 1,500 sq ft |
| Unit Use |
| Retail |
| Price |
| £240,000 (£160.00/sq ft) |
| NOI |
| £15,360 |
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Unit 49
| Unit Size | 1,500 sq ft |
| Unit Use | Retail |
| Price | £240,000 (£160.00/sq ft) |
| NOI | £15,360 |
| Sale Type | Investment |
| Net Initial Yield | 6.40% |
| Tenure | Freehold |
| 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.<br> Ground Floor: Open-plan salon / retail area with modern shop fit<br> First Floor: Ancillary accommodation / additional salon or display space<br> Condition: Well maintained, reflecting long-term occupation by the current tenant</li></ul> | |
| Sale Notes | |
| The layout and frontage provide flexibility for continued retail or alternative Class E uses in the future.Tenancy<br> Tenant: Long-established local hairdressing business<br> Passing Rent: £15,500 per annum<br> Lease: Holding over on an expired lease<br> Repairing Basis: Internal repairing with external decoration and shop front repair basis</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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47-49 Chestergate
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