INVESTMENT SUMMARY LOCATION DEMOGRAPHICS SITUATION GOAD RETAILING IN K

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Wendy Harrison
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1 95A King Street & 2 Malt Street KNUTSFORD WELL-LET A3 INVESTMENT FOR SALE 95A KING STREET AND 2 MALT STREET, KNUTSFORD WELL-LET A3 INVESTMENT FOR SALE 1

Situated just off King Street which plays host to Knutsford s main retail and A3 offer. Freehold/Long Leasehold.

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

IRISH SEA A565 A59 A5207 A5036 M58 A570 M58 A570 Wigan A577 A58 A577 A58 A579 1 A57 02 0 A663 A576 0 A56 A6 Manchester A5063 A635 Oldham A627 A627 A6018 A565 A59 A5058 A58 St Helens 2

A555 A41 A557 95A King Street & 2 Malt Street, Knutsford A533 Knutsford A34 A49 A537 A550 M53 Northwich A556 A537 Macclesfield A537 LOCATION Knutsford is a picturesque market town in

The town is situated approximately 19km (12 miles) south-west of Manchester City Centre and 48km (30 miles) east of Chester.

DEMOGRAPHICS Knutsford 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.

3 IRISH SEA A565 A59 A5207 A5036 M58 A570 M58 A570 Wigan A577 A58 A577 A58 A579 1 A A663 A576 0 A56 A6 Manchester A5063 A635 Oldham A627 A627 A6018 A565 A59 A5058 A58 St Helens 2 0 A34 0 A560 A59 A5139 Birkenhead M53 A41 Liverpool 2 A562 RIVER MERSEY A561 A5300 A557 A57 2 A49 Warrington A49 A57 A56 A5103 A560 A538 Manchester Airport A538 A34 Stockport A6 A523 A555 A41 A557 95A King Street & 2 Malt Street, Knutsford A533 Knutsford A34 A49 A537 A550 M53 Northwich A556 A537 Macclesfield A537 LOCATION Knutsford 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 and, are located nearby and provide great connections to Manchester and South Cheshire. DEMOGRAPHICS Knutsford 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. SITUATION The 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. 95A KING STREET AND 2 MALT STREET, KNUTSFORD WELL-LET A3 INVESTMENT FOR SALE 3

4 N For illustration purposes only. 95A KING STREET AND 2 MALT STREET, KNUTSFORD WELL-LET A3 INVESTMENT FOR SALE 4

RETAILING IN KNUTSFORD The prime retail offer in Knutsford is spread across King

such as Jaeger, Fat Face and Barbour, and major UK multiples such as Boots and WH Smith.

Pizza Express, Loch Fyne and Piccolino occupying space.

and part single storey building with additional basement accommodation.

The property operates as the Amber Lounge bar and restaurant arranged over ground and

The building has a late license allowing it to keep trading until 3am, making it the

ACCOMMODATION We have been informed by our client that the property comprises the

5 RETAILING IN KNUTSFORD The 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. DESCRIPTION The 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. ACCOMMODATION We have been informed by our client that the property comprises the following approximate dimensions and floor areas: Ground 3,367 sq ft sq m First 1,450 sq ft sq m Basement 607 sq ft 56.4 sq m 95A KING STREET AND 2 MALT STREET, KNUTSFORD WELL-LET A3 INVESTMENT FOR SALE 5

TENANCY The 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

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.

6 TENANCY The 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 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. TENURE The property is held under 2 Freehold titles (Title No. CH & 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. VAT The property is elected for VAT. It is proposed that the transaction will be structured as a Transfer of Going Concern (TOGC). 95A KING STREET AND 2 MALT STREET, KNUTSFORD WELL-LET A3 INVESTMENT FOR SALE 6

EPC The property has an EPC rating of D84 A copy of the EPC is available on request PROPOSAL We are instructed to seek offers in excess of 945,000 (Nine Hundred and Forty Five Thousand Pounds)

7 EPC The property has an EPC rating of D84 A copy of the EPC is available on request PROPOSAL 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%. FURTHER INFORMATION For further information or to arrange an inspection, please contact: Matthew Coates mcoates@jacksoncriss.co.uk Liam Jones liamj@jacksoncriss.co.uk DESIGNED BY TCC 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 A KING STREET AND 2 MALT STREET, KNUTSFORD WELL-LET A3 INVESTMENT FOR SALE 7

136/140 High Street GUILDFORD

136/140 High Street GUILDFORD PRIME FREEHOLD HIGH STREET INVESTMENT FOR SALE INVESTMENT SUMMARY The highly affluent south east town of Guildford is one of the UK s premier retail destinations outside of