123 Chester Road, Macclesfield, Cheshire, SK11 8PT
Basics
- Location: Macclesfield
- Size (Sq Ft): 0
- To Buy / To Let: To Buy
- Area: 0 sq ft
Description
-
Description:
For Sale
123 Chester Road, Macclesfield, Cheshire, SK11 8PT
INVESTMENT OPPORTUNITY – FREEHOLD MIXED-USE PROPERTY
Summary
An attractive, traditionally built freehold investment property comprising a ground floor retail unit, two residential flats, and a small rear workshop/store. The property is fully let (with the commercial tenant holding over) and offers good reversionary potential.Accommodation & Tenancy Information
Ground Floor Retail Unit:Currently trading as a ladies’ hair salon
Includes use of basement
Let at £6,000 per annum, tenant holding over
Gas-fired central heating, own boiler
Ground Floor Flat:
1 double bedroom, kitchen/diner, utility area, and bathroom
Let on an Assured Shorthold Tenancy (AST) at £5,616 per annum
Gas-fired central heating, own boiler
First Floor Flat:
2 double bedrooms, lounge, kitchen, and bathroom
Let on AST at £6,000 per annum
Gas-fired central heating, own boiler
External:
Rear yard
Small workshop/store used by landlord (potential for additional income or further development, subject to consent)
Construction
Traditional brick walls beneath a pitched slate roofAll parts separately metered and independently heated
Location
Macclesfield is a well-connected market town in Cheshire, positioned approximately 20 miles south of Manchester and 12 miles north of Congleton. Chester Road (A537) is a busy arterial route linking the town centre to the western suburbs and countryside beyond. The property benefits from good passing footfall, nearby amenities, and public transport connections.Macclesfield is popular with both commuters and families due to its quality schooling, proximity to the Peak District, and regular rail services to Manchester and London. The town’s rental demand remains strong, supported by a growing population and attractive lifestyle offering.
Investment Profile
Asking Price: £225,000 Freehold
Current Total Rental Income: £17,616 per annum
Gross Initial Yield: approx. 7.83%Reversionary Potential:
Possibility to monetise or develop the rear workshop/store (STPP)
There is scope to enhance the overall yield beyond 8.5% with active asset management.
Tenure
Believed to be FreeholdAnti-Money Laundering Compliance
Interested parties will be required to provide satisfactory proof of funds and identification documentation to comply with Anti-Money Laundering Regulations before the transaction can proceed.COSTS: All figures quoted are exclusive of but may be liable to VAT.
VIEWING: Strictly by appointment, contact Chris Stubbs of Greenham Commercial.
Greenham Commercial Limited for themselves and for the Vendors/Lessors of the property described herein whose Agents they are give Notice
(i) The particulars do not constitute in whole or in part an offer as a Contract;
(ii) The statements made in these Particulars are set out as a general outline for the guidance of intending Purchasers/Lessees and are made without responsibility on the part of Greenham Commercial Limited or the Vendor/Lessor;
(iii) Any intending Purchaser/Lessee must satisfy him/her/itself as to the correctness of each of the statements contained in these Particulars;
(iv) The Vendor/Lessor does not make or give, neither Greenham Commercial Limited nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to the Property described herein.