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74 Chestergate

570 SF Retail Building Macclesfield SK11 6DY $335,142 CAD ($588 CAD/SF) 5.41% Cap Rate

Investment Highlights

  • Located in a prominent position in Macclesfield town centre
  • High footfall area
  • Good frontage

Executive Summary

An attractive retail unit with residential space above. The shop itself boasts good, prominent frontage in a prime location on Chestergate. The residential unit consists of one apartment spread over two floors and has a separate access to the rear of the building.
The ground floor is currently let on a 6 year lease from 10th November 2020, at a passing rent of £10,000 per annum. The 1st and 2nd floor apartment has recently become vacant after being let on an AST to the same tenant for a number of years.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
570 SF
Building Class
B
Year Built
1912
Price
$335,142 CAD
Price Per SF
$588 CAD
Cap Rate
5.41%
NOI
$18,116 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.65
Land Acres
0.02 AC

Amenities

  • 24 Hour Access

Nearby Major Retailers

Sainsbury's
Santander
Caffe Nero
HSBC
Costa Coffee
The Co-operative Bank
ALDI
NatWest
Virgin Money Plc
Barclays
  • Listing ID: 32834516

  • Date on Market: 2024-08-16

  • Last Updated:

  • Address: 74 Chestergate, Macclesfield SK11 6DY

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