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Church Street, Marple, Cheshire, SK6 7AY Image

Church Street, Marple, Cheshire, SK6 7AY

For Sale

  • Tenure

    For Sale
  • Type

    Investment - Retail
  • Price

    Offers in Excess Of - £925,000
  • Size

    3,600 Sq Ft

Property Highlights

  • - Marple is an attractive affluent commuter town 4 miles east of
  • Stockport on the edge of the Peak District.
  • - New 3600 sq.ft. Co-operative convenience store as part of a new
  • mixed-use retail and residential town centre scheme with 14
  • dedicated car park spaces.
  • - New 15 year FRI lease to Co-operative Group Limited at £52,500
  • p.a. equating to £14.55 sq.ft. (Subject to a tenant break at year 10).
  • - Five yearly upward only rent reviews in line with CPI indexation
  • subject to a cap at 3% and collar at 1%.

Overview

The property will comprise a newly developed ground floor retail unit
fronting Church Lane and providing 3600 sq.ft. of A1 retail accommodation. The unit will have the benefit of 14 car parking spaces. The wider development includes eight highly specified self-contained two-bedroom apartments constructed on first and second floor plus two further residential blocks to the rear providing a total of
20 apartments with an additional 20 dedicated car parking spaces.
Planning approval granted subject to Section 106.