Freehold Investment of Tenanted Retail Premises with Ancillary Upper Floor

Freehold building with ground floor retail unit and unused first floor ancillary area. The property is situated in an established trading position, within Macclesfield town centre and a few minutes walk away from the train and bus stations. Mill Street has the presence of national brands including Marks & Spencers, Greggs, JD Sports, Vision Express, and Santander. The surrounding area offers a strong mix of retail, hospitality, and service occupiers, contributing to high footfall and commercial viability. The entire property is let to an established tenant with full tenant’s repairing and insuring covenants and a current rental income of £16,000 pa. The lease runs until 31st August 2027, with the tenant having expressed that he would be willing to extend this term. Please refer to legal pack for confirmation of lease details. The flexible layout of the first floor could lend itself to alternative uses or reconfiguration (subject to any necessary consents), offering scope for rental growth or capital enhancement. Total approximately 2146 sqft (measurement taken from EPC). Auctionhouse are informed that upon the Tenant's recent request a new draft lease has been issued at the same rental income of £16,000 pa with a RPI index linked rent review in the fourth year and an expiry date of the 22nd August 2032. The new lease also provides an option to the Landlord to secure the first floor of the premises. Tenure: Freehold Title number: CH242816 Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

AUCTION INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Local Authority

Cheshire East Council

Solicitors

Birchall Blackburn Law, Ref: Anis Patel, Tel: 01772 552217

Offered in association with

Ben Prescott

Additional Fees

Buyer's Premium - £1000 inc VAT payable on exchange of contracts.

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £2500 inc VAT, payable on exchange of contracts.

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