Unit A & B Statham Street Macclesfield Cheshire SK11 6XF

Unit A & B Statham Street
Macclesfield
Cheshire
SK11 6XF

Freehold Retail Warehouse Investment

Two Units let to Travis Perkins (Properties) Limited (t/a Tile Giant) and FW Evans Cycles Limited (subject to option)
Established retail warehouse location in affluent market town
Nearby occupiers include B&Q, Halfords, Topps Tiles and National Tyres & Autocare
On-site car park for approximately 31 cars
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
20
Auction
21st May 2015
Rent
£125,000 per Annum Exclusive
Status
Sold
Price
£1,395,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Warehouse Investment

Two Units let to Travis Perkins (Properties) Limited (t/a Tile Giant) and FW Evans Cycles Limited (subject to option)
Established retail warehouse location in affluent market town
Nearby occupiers include B&Q, Halfords, Topps Tiles and National Tyres & Autocare
On-site car park for approximately 31 cars
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 20
Auction 21st May 2015
Rent £125,000 per Annum Exclusive
Status Sold
Price £1,395,000
Sector
Retail Warehouse
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 16 miles south of Manchester, 18 miles north of Stoke-on-Trent, 56 miles north of Birmingham
Roads: A537, M6 (Junction 19)
Rail: Macclesfield (22 mins direct to Manchester Piccadilly)
Air: Manchester International Airport

Situation

Macclesfield is an affluent Cheshire market town some 16 miles south of Manchester. The property is situated in a prominent trading location on the western side of Churchill Way, the principal arterial route through Macclesfield town centre, with nearby occupiers including B&Q, Topps Tiles, Halfords & National Tyres & Autocare. The property also benefits from excellent access to
the M6 motorway (Junction 19).

Tenure

Freehold. A small area hatched blue on the plan is held by way of a 999 year Virtual Freehold from 22nd March 1823 at a rent of approximately £1 per annum.

Location

Miles: 16 miles south of Manchester, 18 miles north of Stoke-on-Trent, 56 miles north of Birmingham
Roads: A537, M6 (Junction 19)
Rail: Macclesfield (22 mins direct to Manchester Piccadilly)
Air: Manchester International Airport

Situation

Tenure

Freehold. A small area hatched blue on the plan is held by way of a 999 year Virtual Freehold from 22nd March 1823 at a rent of approximately £1 per annum.

Description

The property comprises a modern retail warehouse divided into two units, with car parking for approximately 31 cars. The property benefits from a site area of 0.09 hectares (0.23 acres).

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
A	Retail Warehouse (B1(c), B2 & B8)	376.43 sq m	(4,052 sq ft)	TRAVIS PERKINS (PROPERTIES) LIMITED (t/a Tile Giant) (1)	15 years from 29/05/2007 until 28/05/2022	£60,000	29/05/2017
B	Retail (A1)	547.12 sq m	(5,889 sq ft)	FW EVANS CYCLES (UK) LIMITED (2)	10 years from 09/02/2015 until 08/02/2025 (3)	£65,000 (4)	09/02/2020
Totals		923.55 sq m	(9,941 sq ft)			£125,000

1) For the year ending 31st December 2013, Travis Perkins (Properties) Limited reported a turnover of £76,384,000, pre-tax profits of £41,752,000 and a total net
worth of £295,024,000. (Source: www.riskdisk.com 23/04/2015)
(2) For the year ending 2nd November 2013, F W Evans Cycles (UK) Limited reported a turnover of £114,044,000, pre-tax profits of £2,279,000 and a total net worth
of £4,937,000. (Source: www.riskdisk.com 23/01/2015)
(3) The lease to FW Evans Cycles (UK) Limited provides a tenant option to determine the lease on 8th February 2020 subject to six months’ notice.
(4) For the purposes of clarification, the current rent is £32,500 per annum due to increase to £65,000 per annum from 9th February 2016. The seller has agreed to
adjust the completion monies so that the unit will effectively produce £65,000 p.a.x. from completion of the sale.