Chestergate, Macclesfield, Cheshire, SK11

For Sale - Tenanted Investment Opportunity

49 Chestergate, Macclesfield, SK11 6DG



Investment Summary

Tenanted retail investment situated in the heart of Macclesfield town centre

Long-established hairdressing salon trading successfully for many years

Located on the popular pedestrianised section of Chestergate

Attractive double-height shop front with first-floor display area

Passing rent: £15,500 per annum

Lease: Tenant holding over on an expired lease

Repairing obligations: Internal repairing with external decoration

Freehold

Price: Offers in the region of £240,000

Net Initial Yield (approx): 6.4% (before purchaser's costs)



Location

The property occupies a prominent trading position on Chestergate, one of Macclesfield's most popular pedestrianised retail streets within the town centre.
Chestergate is home to a variety of independent and national retailers, cafés, and service businesses, creating a vibrant and busy shopping environment. Nearby occupiers include a mix of local boutiques, food outlets, and service providers, benefitting from strong footfall throughout the day.

Macclesfield is a well-established market town in Cheshire East, approximately 16 miles south of Manchester and 7 miles north of Congleton, with excellent road and rail links via the A537, A523, and Macclesfield Railway Station, which provides regular services to Manchester, Stockport, and London Euston.



Demographics

Macclesfield has a population of around 54,000 (2021 Census), with the wider Cheshire East borough home to over 398,000 residents.
The town benefits from a stable and affluent population, with above-average household incomes compared to national figures. The local economy is diverse, supported by retail, manufacturing, healthcare, and professional services sectors.

Macclesfield's catchment area extends across the eastern Cheshire and northern Staffordshire commuter belt, making it an attractive location for both independent and national retailers.



Description

The property comprises a two-storey, traditionally constructed retail building under a pitched roof, with a feature double-height glazed shop front providing excellent visibility onto Chestergate.

Ground Floor: Open-plan salon / retail area with modern shop fit

First Floor: Ancillary accommodation / additional salon or display space

Condition: Well maintained, reflecting long-term occupation by the current tenant

The layout and frontage provide flexibility for continued retail or alternative Class E uses in the future.


Tenancy

Tenant: Long-established local hairdressing business

Passing Rent: £15,500 per annum

Lease: Holding over on an expired lease

Repairing Basis: Internal repairing with external decoration and shop front repair basis

The tenant is responsible for internal repairs, shop front repairs and decoration, while the landlord retains responsibility for the structure and other external maintenance.



Tenure

Freehold.



Price

Offers in the region of £240,000 are invited for the freehold interest, subject to the existing tenancy.
A purchase at this level reflects a gross yield of approximately 6.4% before costs.



VAT

We understand the property is not elected for VAT, but interested parties should verify this with their advisers.



Anti-Money Laundering Regulations

In accordance with the current Anti-Money Laundering Regulations, any prospective purchaser will be required to provide appropriate identification and proof of funding. Verification checks will be undertaken before an offer can be accepted and a sale concluded.