Barracks Mill Retail Park Investment.
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Barracks Mill Retail Park Investment.
3 Retail Properties Offered at £22,750,000 in Macclesfield
Investment Highlights
- Prominent, accessible and visible location a short distance from the town centre immediately adjacent the A523 - “The Silk Road” and a busy Tesco.
- Macclesfield is a prosperous and affluent market town located in North-East Cheshire.
- Fully let to Aldi, M&S, B&M, Farmfoods, Costa, KFC and BP Pulse.
- Freehold. The property is held in an SPV which may be available to purchase, subject to negotiation.
- 15 minute drive time population of approximately 80,000 people rising to over 128,000 people within 20 minutes.
- Attractive WAULT of 14.3 years to expiry and 12.9 years to break.
Executive Summary
The subject property is situated in a prominent, accessible and visible location a short distance from the town centre immediately adjacent the A523 – “The Silk Road”. The A523 provides direct access to Manchester to the north and Leek to the south. The subject property is also a short distance from the A523’s intersection with the A537, which provides direct access to the M6 to the east. Immediately to the south of the subject property is a large Tesco Supermarket and further to the north is the Silk Retail Park (Wickes, PureGym and McDonalds).
PROPOSAL OFFERS ARE SOUGHT IN EXCESS OF £22,750,000(TWENTY TWO MILLION SEVEN HUNDRED AND FIFTY THOUSAND POUNDS)
A PURCHASE AT THIS LEVEL WOULD REFLECT A NET INITIAL YIELD OF APPROXIMATELY 5.50%ASSUMING PURCHASER COSTS OF 6.75%.
BASED ON THE ASSUMPTION OF A 3% RPI INCREASE ON ALDI’S AND COSTA’S LEASES, THE YIELD WOULD RISE TO 5.75% IN 2027.
PROPOSAL OFFERS ARE SOUGHT IN EXCESS OF £22,750,000(TWENTY TWO MILLION SEVEN HUNDRED AND FIFTY THOUSAND POUNDS)
A PURCHASE AT THIS LEVEL WOULD REFLECT A NET INITIAL YIELD OF APPROXIMATELY 5.50%ASSUMING PURCHASER COSTS OF 6.75%.
BASED ON THE ASSUMPTION OF A 3% RPI INCREASE ON ALDI’S AND COSTA’S LEASES, THE YIELD WOULD RISE TO 5.75% IN 2027.
Property Facts
| Price | £22,750,000 | Number of Properties | 3 |
| Price / SF | £287.57 / SF | Individually For Sale | 0 |
| Net Initial Yield | 5.50% | Total Building Size | 79,112 SF |
| Sale Type | Investment | Tenure | Freehold |
| Status | Active | Total Land Area | 21.49 AC |
| Price | £22,750,000 |
| Price / SF | £287.57 / SF |
| Net Initial Yield | 5.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 79,112 SF |
| Tenure | Freehold |
| Total Land Area | 21.49 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Units 1-3
3 The Silk Rd, Macclesfield SK10 2ZS |
Retail | 74,989 SF | 2022 | - |
|
KFC
Silk Rd, Macclesfield SK10 1LH |
Retail | 2,315 SF | 2022 | - |
|
Costa Coffee
Silk Rd, Macclesfield SK10 1LH |
Retail | 1,808 SF | 2022 | - |
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Company Not Provided
Barracks Mill Retail Park Investment.
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.