Summary -
11a Bridge Street,MACCLESFIELD,SK11 6EG
SK11 6EG
4 bed 4 bath Block of Apartments
Freehold mixed-use asset with immediate income and clear rent uplift potential.
Ground-floor commercial salon with six-year lease and scheduled rent review
A longstanding mixed‑use freehold in central Macclesfield, this Georgian-fronted block comprises a ground-floor commercial salon plus three well-presented flats (one 2-bed, two 1-bed). The flats are finished to a high standard and mostly let, creating immediate rental income with clear scope to lift returns by re-letting or increasing rents to current market levels.
The commercial unit is a stable income source: a hair salon trading successfully for 15+ years on a six-year lease, with a scheduled rent review expected to move the rent from £450pcm to about £750pcm. The property benefits from two private off-street parking spaces, gas central heating, double glazing and good broadband/mobile connectivity — all practical attractions for tenants and operators.
Key investment considerations: the asset will be sold at auction with a buyers’ premium (2.5% + VAT) and reservation fee structure; the lots are on separate titles but offered as one package. The location is close to Macclesfield town centre, convenient for local amenities, transport and the Peak District, but the immediate area records high crime and higher deprivation statistics, which may affect long-term tenant mix and management requirements.
Projected yields are strong (market rents and advertised gross yields around 9.3–9.6%), and there is measurable upside: market rent comparables suggest scope to increase the 2-bed income and bring other lets to local market levels. This is a hands-on, income-led purchase suited to investors comfortable with auction purchase mechanics and active asset management.
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