Home > Auctions > 24 & 25 November 2025 25 November 2025 - 9:00am > Lot 153

24 & 25 November 2025: Tuesday 25 November 2025 - 9:00am
Return to catalogue   Previous lot Next lot 
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan

Property details

Contact an agent

    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Brochure -

    Download

    Updated Tenancy schedule -

    Download

    Tenancy updates -

    Download

    Key features

    • A freehold shopping centre located in the heart of the town centre
    • The Grosvenor Centre underwent £10 million extension and refurbishment in 2018
    • Key anchor tenants include TK Maxx (27,776 sq ft), Boots (20,456 sq ft) and the Macclesfield Indoor Market
    • The scheme extends 131,580 sq ft (12,224 sq m) across 39 units (low capital value of £28.49 per a sq ft on guide)
    • Strong WAULT of 4.40 years to expiry and 3.04 years to break
    • Significant value-add opportunities through proactive leasing of vacant units and improving occupancy
    • Email nicholson.boyd@savills.com for access to the legal pack
    • Investment let at £893,571 per annum (23.82% GIY on guide) Part vacant
    • ERV on vacant units £168,585 = Total Potential Gross income £1,062,156 p.a., representing 28.32% GIY on guide price

    Description

    Email: nicholson.boyd@savills.com for access to the legal pack

    The Grosvenor Centre occupies a central location in the main retailing area, forming the town’s dominant retail destination. It is complemented by surrounding high street locations such as Chester Gate, Mill Street and Market Place, providing a mix of independent and high street retailers.

    The scheme comprises 131,580 sq ft (12,224 sq m) of retail accommodation across 39 units, arranged predominantly on a single level around three covered malls, together with a market hall operated by Cheshire East Council.

    In 2018, the scheme underwent a comprehensive refurbishment and extension, providing a further 50,000 sq ft of retail accommodation and forming the home of the anchor tenant TK Maxx. More recently, Macclesfield’s indoor market has benefitted a £1.2 million refurbishment by Chester East Council, revitalising and enhancing the offering for the local occupants.

    In Q4 2024, Macclesfield town centre vacancy rates were below the PROMIS centre average and had shown improvement when compared with Q4 2023.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to the accommodation and tenancy schedule

    A PDF version of the Accommodation and Tenancy schedule has been uploaded to key documents

    Tenancy

    Please refer to the accommodation and tenancy schedule

    A PDF version of the Accommodation and Tenancy schedule has been uploaded to key documents

    Notes

    Joint agents

    Mark Garmon- Jones

    Savills - Director, Investment

    Mob: 077967555593

    Email: MGJones@savills.com


    Lorna McGhee

    Savills - Surveyor, Investment

    Mob: 07816184059

    Email: lorna.mcghee@savills.com


    Freddie Guest

    Savills - Director, Investment

    Mob: 07807999522

    Email:FGuest@savills.com


    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

    VAT is applicable However we believe the sale can be treated as a TOGC. (Please refer to the legal pack)


    Bidding Process 

    Potential purchasers will be invited to place bids via a set deadline (5th November).

    These offers will then be considered by the client and a best and final offers may be called.

    Should an offer meet the clients requirements a successful bidder will be selected and a sale will take place via an auction contract, which will be signed immediately along with receiving a 10% deposit. The property will be deemed as ‘sold prior to auction’. 


    Please note that the Vendor reserves the right not to accept the highest or any offer, withdraw the property from the market or to alter the method of sale at anytime. The Vendor retains the right to accept an offer outside the bidding process if they deem that the offer meets their requirements


    When submitting your offer please provide the following information

    • Entity purchasing the property
    • Your Solicitors details
    • Certified ID and proof of address for the purchaser/s of the property
    • Proof of funds for a minimum of 10% of the offer put forward.
    • Confirmation that you can sign an auction contract, pay a 10% deposit straight away and complete within the time frames highlighted in the special conditions of sale.


    Please when sending these offers copy in Nicholson Boyd nicholson.boyd@savills.com, Lorna McGhee lorna.mcghee@savills.com and Mark Garmon-Jones MGJones@savills.com

      • View Virtual Tour

        Play

      Contact

        Arrange a viewing

        Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

        Please select a time from the options below

        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

        Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

        There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

        Savills is a trading name of Savills plc. Savills is committed to ensuring that your privacy is protected. This privacy policy explains how we use the information we collect about you, how you can instruct us if you prefer to limit the use of that information and procedures that we have in place to safeguard your privacy

        Brochure -

        Download

        Updated Tenancy schedule -

        Download

        Tenancy updates -

        Download

        Accommodation / Tenancy Schedule

        Local information

        Macclesfield is an historic and affluent market town in Cheshire East, located just 16 miles south of Manchester, 32 miles east of Chester and adjacent to the Peak District. Macclesfield, historically dominant in the UK silk and textile industry, has been replaced with other industries including, science, technology, and service sectors.

        Macclesfield boasts an exceptionally strong catchment, with around 70,000 people within a 10-minute drive, rising to 1 million within a 30-minute drive. Additionally, Macclesfield is projected to see above average growth in the catchment population over the period 2024 to 2029.

        Transport

        Macclesfield boasts excellent connectivity with frequent rail services, direct road links and a reliable bus network, making it highly attractive for commuters, shoppers, and investors alike.

        With the A523 road providing direct north–south links to Leeds, Stockport, Manchester, and the scenic A537 “Cat and Fiddle” Road offering east–west access to Buxton and the Derbyshire Peak District.

        Macclesfield’s bus station, located on Queen Victoria Street, is a key local transport hub. Since opening in 2004, it is primarily served by two Centre Bus Group subsidiaries - F&G Bus and High Peak Buses - operating 15 routes connecting the town with nearby centres including Altrincham, Buxton, Crewe, Knutsford, Stockport, and Wilmslow.

        Macclesfield Railway Station is a key transport hub in the town centre, located just a short walk from The Grosvenor Centre. Positioned on the Stafford–Manchester branch of the West Coast Main Line, it offers fast and direct connections, reaching Manchester Piccadilly in as little as 22 minutes and London Euston in under two hours.

        Legal documents

        Login to view legal documents

        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

        Buying a property Common auction conditions Auction notices

        Addendums