Ground Floor, 35 Derby Street, Leek, Staffordshire
£375,000
Long Leasehold
  • Ground Floor Retail Premises - Let to Bargain Booze
  • Total rental income £28,000 pa.
  • Yield 7%
The property is situated close to the pedestrianised area of Leek Town Centre which has a residential population of some 20,768 people (Census 2011).
Leek is a market town within the Staffordshire Moorlands and the administrative centre. It has a regular cattle market and the town is well place for Alton Towers, one of the largest tourist attractions in the County, as well as being 10 miles north east of the Stoke-On-Trent conurbation and 13 miles south of Macclesfield Town Centre.

There is also good access to Buxton and the Peak District National Park.
Plans are afoot to build a new station roughly half a mile south of the original, as part of bigger plans to develop the area of Leek as a tourist attraction. The re-introduction of a railway service is being directed under the "Reconnect Leek" banner and forms part of proposals to reopen the Stoke - Leek line which survived as a goods only line to serve the former sand quarry at Oakamoor.

Nearby occupiers including Millets, Ryman, WH Smith, Boots Opticians, Boots Chemist, Superdrug, HSBC, Halifax, NatWest, Betfred, Coral and many more.

Significant investment opportunity.

Ground floor premises let to Bestway Retail Ltd, on a 10 year eFRI lease.
Currently producing £28,000 per annum.

Offers in the region of £375,000 will be dealt with by sale of the proposed property, subject to the existing tenancies.

There is an opportunity to add significant value through the development of the upper floors.

If you are interested in viewing this property, or to request additional information, please do not hesitate to contact one of our agents on 0161 773 3978

These particulars are only a guide. They are not exact or guaranteed. Property offered subject to contract.
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