For Sale By Auction | 9:30, 15 October 2024 | Lot 95

8 Mill Street, Macclesfield, Cheshire, SK11 6LY

Sold £272,000

  • Retail Property (high street)
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Tue 15/10/2024

Auction Time

9:30

Auction Venue

Live Stream

Viewing Times:

Mon 14 Oct

10:00-10:30

A Mid Terrace Building Arranged to Provide A Ground Floor Shop and First and Second Floor Ancillary Space Let to Pandora on a FRI Lease Producing £30,000 Per Annum

The property comprises a mid terrace building arranged to provide a shop and ancillary arranged over ground and two upper floors.

Tenure

Freehold

Location

The property is situated on a mixed use road close to local shops and amenities. Transport links are provided by Macclesfield rail station.

Accommodation

Ground Floor Shop First Floor Ancillary Space Second Floor Ancillary Space

Tenancy

The property is subject to a 10 year FRI lease from 22nd June 2017 to Pandora. The tenant opted not to exercise their 2022 break clause. Pandora Jewellery UK Limited: D&B Rating - 5A2 Turnover (2021) - £391m Pre-Tax Profit (2021) - £61m

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.