Summary - 18-22, MILL STREET SK11 6LY
1 bed 1 bath Restaurant
**Standout Features:**
- Recently refurbished commercial premises, known as Panadero Lounge
- Prime location in vibrant Macclesfield market town
- Extensive area of 9,076 sq. ft., over two storeys
- Fully leased to Loungers UK Limited until 2038, providing financial stability with a current rent of £75,000/year
- Potential for future expansion by refurbishing unused first-floor space and creating an external balcony
- Excellent foot traffic in a bustling urban environment
- Freehold property with attractive yield of 7.47%
**Potential Concerns:**
- Property is positioned in an area with high crime rates
- Potential mortgage lending issues due to only 15 years left on the lease
This newly renovated commercial space, the Panadero Lounge, offers an exceptional investment opportunity set in the lively town of Macclesfield, Cheshire. With a generous 9,076 sq. ft. spanning two floors, this versatile property boasts a modern brick façade and ample glass windows, flooding the vibrant interior with natural light. Currently leased to Loungers UK Limited, the property ensures a steady income of £75,000 per annum until 2038.
The bustling location, along with an array of nearby amenities including schools, shops, and recreational facilities, makes it an ideal spot for retail or hospitality ventures. The untouched first-floor area offers enticing potential for expansion, allowing for the creation of additional seating or unique outdoor spaces. While the area presents high crime statistics, the property's size, condition, and prime location make it a rare find in today's market. Don't miss the chance to invest in a promising venture with long-term potential in Macclesfield—seize this opportunity before it's gone!
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