- Knutsford is an affluent Cheshire market town approximately 13 miles south west of Manchester City Centre.
- Excellent transport links being very close proximity to the M6 and access to fast train services to Manchester City Centre.
- A very affluent catchment with a 15-minute drive time population of 53,718 and 48.6% being in social grade AB.
- The property extends to a total GIA of 12,543 sq ft (1,165.3 sq m) and is arranged over ground and first floor.
- Let on a FRI lease to Waitrose Limited until 12th April 2036 providing 11.80 years unexpired. There is a tenant break on 13th April 2026 terminable on 9 months’ notice.
- Current passing rent is £179,212 per annum reflecting a very low average rent of £14.29 per sq ft.
- 5 yearly fixed rent reviews with the next occurring on the 13th April 2026 where the rent will increase to £202,762 per annum.
- Freehold
Offers are invited in excess of £2,400,000 subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 7.00%, reversionary in April 2026 to 7.94% and a capital value of £191 per sq ft after allowing for purchaser’s costs of 6.36%.
