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01157 844 600
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Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL

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Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
Cross Street Mill, Cross Street, Leek, Staffordshire, ST13 6BL
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Guide price

£350,000+

Property Type

Commercial

Key Features

  • An opportunity to acquire a freehold 29,576 sq ft investment property
  • Currently producing £47,000pa with an ERV when fully let of circa £141,047 pa
  • Potential scope for conversion to residential (STP)

Part of the 25 April 2024 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a freehold circa 29,576 sq ft investment property currently producing £47,000 pa with an ERV when fully let of circa £141,047 pa

  • A substantial Grade II listed former Mill Building
  • Arranged mainly as workshops, offices, nursery & gym
  • Includes a letting to The Spice Merchant Restaurant
  • Total net internal floor area circa 29,576 sq ft
  • Providing rooms of varying sizes over three floors
  • Common areas together with shared welfare facilities
  • Ground floor circa 13,428 sq ft
  • First floor circa 10,946 sq ft
  • Second floor circa 6,586 sq ft
  • Excellent parking provisions (up to 60 spaces)
  • 42% of the building is let (17,029 sq ft vacant)
  • Town centre location close to Asda, Premier Inn etc
  • 10 miles north of Stoke on Trent, 15 mile from Ashbourne
  • Scope for future conversion to residential (STP)
  • Potential to be a high yielding investment opportunity

Contact Auction Estates on 0115 7844 600

Fees

A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold, subject to the existing tenancies. The property is partly let and producing £47,000pa. Refer to legal pack

Refer to Legal Pack

Email: alexander.parkes@gateleylegal.com
Telephone: 0115 988 4785 Company: Gateley Legal

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