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CAVENDISH ARCADE BUXTON, THE CRESCENT, BUXTON, Buxton

Guide Price
£2,475,000

£204.17 per sq ft

Business rates & charges may apply

Azure Property Consultants Ltd, Kent
SIZE AVAILABLE

12,122 sq ft

1,126 sq m

SECTOR

High street retail property for sale

Key features

  • Gross Income: £235,850 per annum
  • Total area: 12,122 sq ft NIA
  • Reflecting a 8.75% net initial yield with a reversion to 10.65%
  • Let on 18 leases predominantly to independent retailers, with one unit vacant and under offer
  • Covered retail scheme containing 19 ground floor retail/catering units and a first floor gallery space
  • Grade II listed former public baths constructed in the early 19th Century
  • Freehold

Description

Discover an exceptional investment opportunity with the Buxton Cavendish Arcade, located in the heart of Buxton, SK17 6BQ. Priced at £2,475,000, this historic arcade is a prime asset for investors seeking to capitalize on a vibrant retail environment. Property Highlights Classic Heritage and Architecture: The Buxton Cavendish Arcade boasts stunning Victorian architecture that not only enhances its aesthetic appeal but also attracts visitors year-round. This unique design contributes to its status as a beloved landmark in the area. All-Year-Round Visitor Attraction: The arcade serves as a popular destination for both locals and tourists, ensuring consistent foot traffic and engagement. Its diverse range of independent retailers adds to the charm and allure of the shopping experience. Total Area: With a generous total area of 12,122 sq ft Net Internal Area (NIA), the arcade provides ample space for retail operations and potential expansion opportunities. Gross Income: £235,850 per a

Strategic Positioning The Cavendish Arcade is strategically situated at the corner of The Crescent and The Colonnade, placing it in the heart of Buxton‘s bustling town center. This prime location not only attracts foot traffic from locals but also draws visitors exploring the architectural marvels surrounding the area, including the iconic Devonshire Dome and the recently restored Buxton Crescent Hotel & Spa. Buxton, a charming Roman Spa town nestled on the edge of the Peak District National Park, is renowned for its stunning architecture and rich history. Community and Retail Environment The arcade benefits from a diverse mix of independent retailers, creating a lively shopping atmosphere, include Wild Olive Gifts, Divine Trash, Attacus Boo, Isla Fine Arts, and Pizza Express. This eclectic mix enhances the appeal of Cavendish Arcade as a destination for both shopping and leisure.
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Brochures

CAVENDISH ARCADE BUXTON, THE CRESCENT, BUXTON, Buxton

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Buxton Station0.1 miles
  • Dove Holes Station3.0 miles
  • Chapel-en-le-Frith Station3.6 miles

About Azure Property Consultants Ltd, Kent

Bradstowe House 35 Middle Wall Whitstable CT5 1BJ

Notes

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