11 Market Place and 5 Derby Street, Leek, Staffordshire ST13 5HH
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- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- High Yielding Retail investment
- Two Retail Units
- Fully Let to Ladbrokes Betting & Gaming Limited (t/a Coral)
- Lease Expires 31/01/2027 - Producing £19,500 per annum
- First and Second Floor Offices Sold Long Leasehold
- Asset Management Potential
- Prominent Corner Pitch
- Guide Price Reflects 11.14% Gross Yield
- VAT Free Investment
Description
Arranged across basement, ground, first and second floors, the property comprises two retail units fronting Market Place and Derby Street, the properties are interlinked at the rear to form a single contiguous space with effectively a double frontage.
The ground floor and basement is let to Ladbrokes Betting & Gaming Limited (t/a Coral) on a five year lease expiring 31/01/2027 and paying £19,500 per annum. The lease is on effective full repairing and insuring terms and has no breaks.
The upper parts comprise office accommodation and are sold off on a long leasehold basis paying a peppercorn rent.
The property offers asset management potential and medium/long term development potential as it could evidently be split in the future to provide two retail units (subject to the existing leases and obtaining any requisite consents).
11 Market Place and 5 Derby Street, Leek, Staffordshire ST13 5HH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Congleton Station7.8 miles
About Savills, Savills, Auctions
33 Margaret Street, London, W1G 0JD
Notes
Disclaimer - Property reference 778306F0-7E46-4449-BB0E-3EC0FDD05C32. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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