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Land for sale
Barracks Square, Macclesfield
£20,000
Barracks Square, Macclesfield
£20,000
Our Summary
- To Be Sold By Auction on 15th August 2024 unless sold prior to Auction
- In the last couple of months, money has been invested into the site to re-dress the car park and preliminary investigations have been undertaken with car parking control companies for the installation of a pay and display system (subject to any necessary consents) together with residents permits and this income would be in addition to an annual maintenance fee which has been collected historically from properties within the square
- This obviously gives further potential to generate an income if this was explored and implemented
- Should you require any assistance with arranging finance to purchase the property, please let us know as we are able to assist with specialist long or short term auction finance
Description
Barracks Square, a historic development dating back to the 1830s, is being sold by auction on August 15, 2024, unless sold prior. The property, which was once the home of the 2nd Cheshire Militia, is a rare opportunity to generate income through car parking provisions and potentially other activities or events. The site has undergone recent renovations, including the installation of a pay-and-display system, and has a proven track record of hosting events such as car boot sales and film shoots. The properties surrounding the square are obligated to pay a proportionate amount towards maintenance and upkeep, and there is potential for additional income through the sale of car parking spaces. The property is being sold with a freehold tenure, subject to confirmation from the title deeds, and a buyer's premium of £2,100 inclusive of VAT will be payable to the auctioneers.