72 Mill Street, Macclesfield, Cheshire SK11 6NH

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Property Details

Location

Description

A three storey (plus basement) mid terrace building comprising a ground floor and basement retail unit extending to approximately 200 sq m (2150 sq ft) currently let at £8,000 per annum. The two upper floors are currently configured as a maisonette flat in need of modernisation but benefit from approved planning permission to convert into 3 x 1 bedroom residential apartments.

Location

The property fronts onto Mill Street, one of the main retail area's of Macclesfield Town Centre. Nearby occupiers include Marks & Spencers, River Island, Lloyds Bank, Aldi and a number of independent cafe's and bistro's. The first and second floors are accessed via a staircase to the rear of the property which is located directly opposite the bus station and Macclesfield Train Station is within a short walking distance. Macclesfield is a popular market town situated 16 miles south of Manchester.

Accommodation

Ground Floor	Open plan main retails area, kitchen & W.C.
Basement	Storage
First Floor	Entrance Room, Kitchen, Bathroom, Bedroom, Living Room
Second Floor	Bedroom, Bedroom

Outside

The maisonette benefits from a terrace / patio area located on the first floor with views towards the hills.

Approx Site Area

Approximately 150 sq m (180 sq yds).

Tenure

Unknown

Planning

Planning permission was approved by Cheshire East Council on 20th December 2018 to convert the existing maisonette flat into 3 individual apartments. Planning Ref 18/4651M. A variation on the original planning was approved on 7th May 2020, planning ref 20/1018M.

Tenancy

The ground floor and basement is let to a second hard furniture store on a license until June 2021 at £8,000 per annum with a personal guarantee. We are advised that the tenant has been paying the rent punctually over the years and has also expressed an interest in taking a new lease.

General

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. We are informed by the vendor that remedial works to the roof have been completed recently guaranteed by a 15 year warranty.New roof windows have also been fitted to comply with the current planning permission.

3. Energy performance certificate = E.

4. VAT is applicable on 50% of the purchase price

Addendum

VAT is applicable on 50% of the purchase price