Panadero Lounge

• Prominently located on the prime pitch of the vibrant market town of Macclesfield, Cheshire. 
• Recently refurbished two storey leisure /retail premises extending to 9,076 sq ft NIA.
• Let in it’s entirety on full repairing and insuring terms to Loungers UK Limited until 23rd November 2038, providing 13.4 years term certain. 
• Current passing rent of £75,000 per annum equating to £8.26 per sq ft.
• Open Market upward only rent reviews on 24th November 2028 and 24th November 2033.
• Freehold.

We are instructed to seek offers in excess of £950,000 (Nine Hundred and Fifty Thousand Pounds) reflecting a Net Initial Yield of 7.47% assuming purchases costs of 5.68%. This shows a low capital value of £104 per sq ft.