Asking price for well-known Knutsford building slashed
The owners of a Grade II-listed commercial property which is for sale in one of Cheshire’s most desirable locations have reduced their asking price by £125,000.
Blacks Business Brokers is now marketing the freehold on 113 King Street, which previously traded as Knutsford Antiques, with a guide price of £825,000.
The 2,600 sq ft double-fronted Georgian property is divided into 12 large rooms across three storeys. It was acquired in 1995 by David and Patricia McLeod, who established Knutsford Antiques within the premises.
The couple have now retired and wish to sell the property, which is located toward the upper end of the main shopping street in Knutsford.
Grace Court, customer service facilitator at Blacks Business Brokers, said: “This price reduction reflects the fact we are now selling vacant premises, rather than a going concern.
“However, the fact it is being sold with vacant possession is potentially a great opportunity for a new owner. It is a fantastically located historic property that would, subject to planning consent, lend itself to a wide range of retail or commercial uses.
“Neighbouring properties on King Street are home to a range of successful retail, hospitality and professional services businesses. This is a substantial building in the commercial heart of one of the North’s most desirable towns and I believe it would either make a great addition to the portfolio of an existing property investor or, equally, could provide the security of freehold ownership to an entrepreneur who wanted to establish their business there.”
When it was operating as an antiques centre the property generated rental income of £60,000 a year from letting rooms and cabinets to a number of independent antiques dealers.