property occupies a prime pedestrianised retailing position on Mill Street,
adjacent to TUI and Santander. Other retailers located in close proximity
include Marks & Spencer, Next, W H Smith, River Island, Superdrug,
Mothercare and Burtons/Dorothy Perkins.
Street is the town’s main retailing pitch and the recently extended Grosvenor
Shopping Centre provides the Town’s main covered shopping centre. The scheme is
anchored by Boots, and a new 25,000 sq ft TK Maxx unit, as well as a popular
indoor market. Treacle Market is a bustling monthly outdoor market which is centred
around the nearby cobbled Market Place with circa 160 stalls.
new Leisure development by ASK Developments is soon to be completed on
Churchill Way which will be anchored by a 6 screen cinema along with 6 restaurants
and is scheduled to open in 2020.
is a prosperous Cheshire market town located on the edge of the Peak District
National Park. The town has excellent transport communications, being served by
the A537, which provides a direct link to Junction 19 of the M6 motorway, and
is located approximately 20 miles south of Manchester city centre and 18 miles
north of Stoke on Trent. Virgin West Coast mainline provides regular rail
services with an approximate journey time to London Euston of 1 hour 40 minutes
and 25 minutes to Manchester Piccadilly. Manchester Airport, which is located 8
miles north west, is the 3rd busiest in the UK serving 200
destinations around the world.
entire property is let to Pandora
Jewellery UK Ltd on a 10 year effectively full repairing and insuring lease
from 23rd June 2017 at an initial rental of £30,000 per annum. There
will be a 5 year upward only rent review at the expiry of the 5th
the rental devalues to approximately £61.80 per sq ft Zone A offering good
prospects for future rental growth.
Pandora is an
international Danish jewellery manufacturer and retailer founded in 1982. Pandora
products are sold in more than 100 countries on six continents through
approximately 7,800 points of sale, including some 2,400 concept stores. There
are over 330 Pandora outlets in the UK.
Jewellery UK Ltd (Co Reg 06654012) is the wholly owned UK subsidiary of the
Danish Parent. Pandora Jewellery UK Ltd has reported the following figures:
are instructed to seek offers in excess of £395,000 (Three hundred and ninety
five thousand pounds) for the Freehold interest, subject to contract and lease.
A purchase at this level would reflect a net initial yield of approximately 7.25%,
after allowing normal purchaser costs of 4.8%.
Available upon request