9-11 Princess Street, Knutsford, WA16 6BY

Description
The property comprises a prominent mixed use investment extending to approximately 5,913 sq ft (549.3 sq m) NIA.

The accommodation comprises a ground floor and basement restaurant occupying a highly visible corner position fronting Princess Street and Silk Mill Street. The restaurant benefits from a main entrance directly from Princess Street together with access via an archway leading to an attractive courtyard seating area, providing additional customer accommodation and enhancing the overall trading environment.

The upper floors are accessed independently from Silk Mill Street and comprise five self contained office suites arranged across the first and second floors. Four suites are currently occupied, with one vacant suite offering immediate asset management potential, or longer term residential conversion opportunities.

Location
9-11 Princess Street is prominently located on the corner of Silk Mill Street and Princess Street in the heart of Knutsford town centre. Providing swift access to M6, M56 and neighbouring towns. Nearby occupiers include: Gail's Bakery, Little Waitrose, Costa Coffee, The Co-op, along with a range of independent bars, cafes and restaurants.

Knutsford Train Station is less than a 10 minute walk away providing regular services into Manchester City Centre, Altrincham and Chester.
Public car parks are also available nearby on Princess Street and King Street.

Investment Summary
Prime restaurant and office investment in the heart of Knutsford
Rare freehold opportunity within Knutsford town centre
Prominent corner position on Princess Street, Knutsford’s principal retailing thoroughfare
Ground floor and basement restaurant let to Smoke Knutsford Ltd on a 10 year lease expiring September 2035
Fixed rental growth and inflation linked income with rent increasing to £60,000 per annum from September 2028, followed by CPI linked uplifts
Five self contained office suites arranged over the first and second floors
New lease renewals agreed with Human Features and HomeGuard Security Ltd
Total Net Internal Area of 5,913 sq ft (549.3 sq m)
Rental income of £93,600 per annum
Knutsford voted one of the Best Places to Live in the UK by The Sunday Times
Affluent Cheshire market town with a strong occupational market
Freehold Title No: CH404372
Offers in excess of £1,300,000
Net Initial Yield of 6.79%, assuming purchaser’s costs