8 Mill Street Macclesfield Cheshire SK11 6LY

8 Mill Street
Macclesfield
Cheshire
SK11 6LY

Freehold Retail Investment

Entirely Let to Pandora Jewellery UK Ltd until June 2027
Approx. Floor Area of 132.51 sq m (1,424 sq ft)
Prime pedestrianised town centre location
Directly opposite The Grosvenor Shopping Centre
Nearby occupiers include Mountain Warehouse, FatFace, Clarks, Card Factory, Superdrug, Caffe Nero
VAT Free Investment

Lot
33
Auction
9th July 2024
Rent
£30,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Entirely Let to Pandora Jewellery UK Ltd until June 2027
Approx. Floor Area of 132.51 sq m (1,424 sq ft)
Prime pedestrianised town centre location
Directly opposite The Grosvenor Shopping Centre
Nearby occupiers include Mountain Warehouse, FatFace, Clarks, Card Factory, Superdrug, Caffe Nero
VAT Free Investment

Lot 33
Auction 9th July 2024
Rent £30,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 15 miles south of Manchester, 17 miles north of Stoke on Trent, 28 miles west of Sheffield
Roads: A523, A536, A537
Rail: Macclesfield Railway Station
Air: Manchester Airport

Situation

Macclesfield is an affluent Cheshire market town situated on the western edge of the Peak District National Park. The property is prominently situated on the eastern side of the pedestrianised Mill Street, the prime retailing thoroughfare in Macclesfield. The property is conveniently positioned directly opposite the entrance to the Grosvenor Shopping Centre. Nearby occupiers include Mountain Warehouse, FatFace, Clarks, Card Factory, Superdrug, Caffe Nero and a number of national retailers.

Tenure

Freehold.

Location

Miles: 15 miles south of Manchester, 17 miles north of Stoke on Trent, 28 miles west of Sheffield
Roads: A523, A536, A537
Rail: Macclesfield Railway Station
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the basement, first and second floors.

With regard to the repairing liability under the terms of the lease, the Tenant has recently undertaken some works to the property as requested within the Landlord's interim schedule of dilapidations. The works have been carried out to the satisfaction of the Tenant's structural engineer, a position which has now been accepted by the Landlord. Please refer to the legal pack for further details in this respect.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground Basement First Second	Retail Ancillary Ancillary Ancillary	65.11 9.00 29.20 29.20	(700) (96) (314) (314)	PANDORA JEWLELLERY UK LTD t/a Pandora (1)	10 years from 23/06/2017	£30,000
Total		132.51	(1,424) (2)			£30,000

(1) For the year ending 31/12/2022 Pandora Jewellery UK Ltd reported a Turnover of £438,346,000, a Pre-Tax Profit of £49,979,000 and a Net Worth of £44,666,000 (NorthRow 05/06/2024).
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.