Property Details
Pugh Auctions
Lot 044
Lot 044
Auction: February 2016

Saffron Restaurant, New Road, The Village, Prestbury, Cheshire, SK10 4HP

Property Details
Location

The property is situated within the affluent village of Prestbury which forms part of Cheshire's "Golden Triangle" with Wilmslow and Alderley Edge. New Road (A538) is one of the main thoroughfares through the village and there is large free public car park to the rear. Manchester city centre lies approximately 13 miles to the north and Macclesfield 3 miles to the south.

Description

Predominantly two storey mid-terrace restaurant which the Vendor informs us has recently undergone extensive refurbishment at a cost of ú165,000 fit out to the tenant, with circa 110 covers provided across ground and first floors.

Accommodation

The following details and internal photographs have been provided by the Vendor: Gross Intrernal Area: 250 sq m (2,681 sq ft)

Outside

Enclosed yard at rear.

Tenure

Freehold.

Tenancy

The Vendor informs us that the current tenant Saffron Room Limited has traded in the village for over 5 years and they recently relocated into the premises. The property is let for 15 years from 2015 on an FRI lease at an initial rent of ú45,000 per annum with 5 yearly rent reviews.

Addendum

The lease has been agreed and signed by the landlord and tenant and awaits approval by the vendor's lender. Therefore the vendor has agreed the sale will be conditional upon the lease completing and if it does not within 20 business days of the auction the purchasers deposit will be returned to them, unless both parties are happy to agree otherwise.

Property Location Address:
Saffron Restaurant,
New Road,
The Village,
Prestbury,
Cheshire,
SK10 4HP
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Auction Details
Auction: February 2016 Date: 25th February 2016 Lot Number: 044 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
Manchester City Football Club,
Manchester,
M11 3FF

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