• Broker Jonathan Salt 07909975466
  • Broker Ben Turquet 7836643570

Barracks Mill Retail Park Investment. 3 Retail Properties Offered at £22,750,000 in Macclesfield

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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.

ATTACHMENTS

Macclesfield – Barracks Mill Retail Park

PROPERTY FACTS

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 -
Costa Coffee
Silk Rd, Macclesfield SK10 1LH 		Retail 1,808 SF 2022 -
KFC
Silk Rd, Macclesfield SK10 1LH 		Retail 2,315 SF 2022 -
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ADDITIONAL PHOTOS

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