95a king street & 2 malt street...

INVESTMENT SUMMARY LOCATION DEMOGRAPHICS SITUATION GOAD RETAILING IN KNUTSFORD DESCRIPTION ACCOMMODATION TENANCY TENURE VAT EPC PROPOSAL FURTHER INFORMATION

95A KING STREET AND 2 MALT STREET, KNUTSFORD WELL-LET A3 INVESTMENT FOR SALE 1

95A King Street & 2 Malt Street KNUTSFORD

WELL-LET A3 INVESTMENT FOR SALE

INVESTMENT SUMMARY

�� Affluent�market�town�located�in�popular�county�of�Cheshire.

�� The�town�hosts�one�of�only�5�McLaren�dealerships�in�the�UK.

�� Knutsford’s�premier�nightclub�benefitting�from�the�only�3am�license�in�town.

�� Situated�just�off�King�Street�which�plays�host�to�Knutsford’s�main�retail�and�A3�offer.

�� Freehold/Long�Leasehold.�

�� We�are�instructed�to�seek�offers�in�excess�of�£945,000 (nine hundred and forty five thousand pounds)�subject�to�contract�and�exclusive�of�VAT,�which�reflects�a�net�initial�yield�of�8%�assuming�normal�purchaser�costs�at�5.8%.



LOCATIONKnutsford�is�a�picturesque�market�town�in�Cheshire,�benefitting�from�superb�access�to�South�Cheshire�and�Manchester,�making�it�a�popular�commuter�area.

The�town�is�situated�approximately�19km�(12�miles)��south-west�of�Manchester�City�Centre�and�48km�(30�miles)�east�of�Chester.��Two�major�motorways,�the�M56�and�M6,�are�located�nearby�and�provide�great�connections�to�Manchester�and�South�Cheshire.

DEMOGRAPHICSKnutsford�has�a�resident�population�of�approximately�13,000�people�and�a�catchment�of�approximately�41,000�living�within�5�miles�and�588,000�within�10�miles.�

There�are�also�approximately�48,000�businesses�within�a�10�mile�radius�of�the�subject�premises,�amounting�to�over�325,000�employees.

SITUATIONThe�property�is�situated�just�off�King�Street�which�provides�the�majority�of�the�A3�offer�in�Knutsford.�Other�nearby�occupiers�include�Boots,�Piccolino,�Loch�Fyne�and�Barclays.

IRISHSEA



M58

M58

M6

M6

M6

M6

M62

M62

M62

M602

M60

M60

M61

M60

M60

M56

M56

M56

M56M53

M53

A533

A556

A537

A537A537

A34

A34A538

A538 A555 A523

A6

A6

A560

A560

A56

A56

A34

A5063

A576

A635

A663

A627

A627

A6018

A5103

A49

A49

A49A57

A57

A57

A580

A580

A579

A58A577

A577

A570

A570 A58

A58

A59A565

A5207

A5036

A565

A59

A59

A5058

A5300

A561

A557

A557

A550

A41

A41

A5139

A580A580

A580

A562M56

95A King Street & 2 Malt Street, Knutsford

Manchester

Liverpool Warrington

Manchester Airport

Birkenhead

Macclesfield

Knutsford

Oldham

St Helens

Wigan

Stockport

Northwich

RIVER MERSEY

N

For illustration purposes only.



RETAILING IN KNUTSFORDThe�prime�retail�offer�in�Knutsford�is�spread�across�King�Street,�Regent�Street�and�Princess�Street,�with�a�mixture�of�quality�fashion�retailers�such�as�Jaeger,�Fat�Face�and�Barbour,�and�major�UK�multiples�such�as�Boots�and�WH�Smith.�King�Street�is�responsible�for�the�main�A3�offer�in�the�town�with�operators�such�as�Pizza�Express,�Loch�Fyne�and�Piccolino�occupying�space.�

DESCRIPTIONThe�property,�occupying�a�sloping�topography,�comprises�a�part�two�storey�and�part�single�storey�building�with�additional�basement�accommodation.�A�yard�area�to�the�east�of�the�single�storey�building�provides�2�car�parking�spaces.

The�property�operates�as�the�Amber�Lounge�bar�and�restaurant�arranged�over�ground�and�first�floor�levels.�Toilets�and�cellar�storage�can�be�found�at�basement�level.�

The�building�has�a�late�license�allowing�it�to�keep�trading�until�3am,�making�it�the�premier�nightclub�in�Knutsford.

ACCOMMODATIONWe�have�been�informed�by�our�client�that�the�property�comprises�the�following�approximate�dimensions�and�floor�areas:

Ground 3,367 sq ft 312.8 sq m

First 1,450 sq ft 134.7 sq m

Basement 607 sq ft 56.4 sq m



TENANCYThe�entire�property�is�let�to�Rififi�(UK)�Limited�on�a�FR&I�lease�for�a�term�of�25�years�from�15th�November�2002�expiring�on�14th�November�2027�at�a�current�rent�of�£80,000�pax,�subject�to�5�yearly�upward�only�rent�reviews;�the�next�review�being�November�2017.

The�lease�was�assigned�to�Cheshire�Leisure�Limited�in�2013�and�there�is�a�6�month�rental�deposit�held�by�the�vendor�which�will�be�assigned�to�the�purchase.

TENUREThe�property�is�held�under�2�Freehold�titles��(Title�No.�CH458616�&�CH458617)�and�a�Long�Leasehold��(Title�No.�CH458618).�

Full�title�plans�can�be�provided�upon�request�and�the�total�holding�can�be�seen�outlined�in�red�on�the�goad.�

VATThe�property�is�elected�for�VAT.�It�is�proposed�that�the�transaction�will�be�structured�as�a�Transfer�of�Going�Concern�(TOGC).



Messrs. Jackson Criss for themselves and for the vendors or lessors of this property whose agents they are to give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs. Jackson Criss has any authority to make or give any representation or warranty whatever in relation to this property. JC0068. April 2015.

EPCThe�property�has�an�EPC�rating�of�D84

A�copy�of�the�EPC�is�available�on�request

PROPOSALWe�are�instructed�to�seek�offers�in�excess�of�£945,000 (Nine Hundred and Forty Five Thousand Pounds)�subject�to�contract�and�exclusive�of�VAT,�which�reflects�a�net�initial�yield�of�8%�assuming�normal�purchaser�costs�at�5.8%.

FURTHER INFORMATIONFor�further�information�or�to�arrange�an�inspection,�please�contact:

Matthew�Coates�[email protected]

Liam�Jones�[email protected]

020 7637 7100

DES

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ED�B

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C� INVESTMENT SUMMARY LOCATION DEMOGRAPHICS SITUATION GOAD RETAILING IN KNUTSFORD DESCRIPTION ACCOMMODATION TENANCY TENURE VAT EPC PROPOSAL FURTHER INFORMATION


http://www.tccommunications.co.uk/

95a king street & 2 malt street...

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