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Brown Street
Macclesfield, SK11

£275,000
2
  • 120-122 Mill Street,
    Macclesfield, SK11 6NR
  • Sales & Lettings 01625 839675
Call Us 01625 839675

Features

  • Commercial Property
  • Two 1x Bed Flats
  • Excellent Investment Opportunity
  • £20,700pa Income
  • 7.1% Gross Yield
  • Busy Residential Area
  • Retail Shop to Ground Floor
  • Flats to First Floor

Description

Tenure: Freehold

***ATTENTION INVESTORS*** Excellent Investment Opportunity!!

A unique opportunity has arisen to purchase a fantastic investment property consisting of a commercial shop and two flats.  The property is located in a popular residential area of Macclesfield providing good passing footfall throughout the year, and benefits from a long lease in place for the commercial shop unit.

Current gross income of £21,000 equating to in excess of 7.6% gross yield.

To the ground floor: COMMERCIAL SPACE/ SHOP which is currently trading as a local convenience store.  The lease on the ground floor commercial unit is signed through to 31st March 2035, with an annual rent of £9,600 per annum.  EPC rating D which is valid until February 2025.

Approximate Sizes:

PRIMARY RETAIL SPACE - 427sq ft (39.67sq m); 

STORES - 128sq ft (11.9sq m);

REAR PORCH with WC and BASIN- 26sq ft (2.3sq m);

CELLAR - 120sq ft (11.12sq m).

To the first floor and accessed via their own separate entrance are TWO FLATS, both of which are one bedroom.  Both flats are currently tenanted on Assured Shorthold Tenancy agreements and come part-furnished.

FLAT 1 is the larger of the two, and provides a spacious living room, fitted kitchen, double bedroom with fitted furniture, and a bathroom. It has a current rental of £5,700 per annum with the AST fixed until 9th March 2022.  EICR valid until July 2025.

FLAT 2 consists of a bright open plan lounge and modern kitchen, with the lounge area having a feature fireplace. A generous sized double bedroom with fitted wardrobe, compliments this flat and there is also a good size shower room.  It has a current rental of £5,700 per annum with the AST fixed until September 2022.  EICR valid until July 2025

EPC Ratings for Flats:

  • Flat 1: 'D' - valid until August 2030.
  • Flat 2: 'E' - valid until February 2025.

Tenure: FREEHOLD.

VIEWINGS - Strictly by appointment only.  Please contact Belvoir Macclesfield to arrange.

 

DISCLAIMER

Belvoir and our partners provide a range of services to buyers, although you are free to use an alternative provider. For more information simply speak to someone in our branch today. We can refer you on to a Mortgage advisor for help with finance. If you require a solicitor to handle your purchase, we can refer you on to a local solicitor. We may receive commission on referrals.

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. 

EPC rating: D.

Documents

EPC Certificate
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EPC Certificate
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EPC Certificate
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Brochure
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