14 Market Place, Leek, Staffordshire ST13 5HH

Description

Freehold Town Centre Retail Investment + Vacant Uppers with Planning - Gross Yield 11.9% 6 Week completion A mid terrace building comprising a Ground Floor Shop with separate rear access to an Upper Part (in shell condition - see Planning) on the first and second floors. VIDEO TOUR Click here to view the video tour of the first and second floors.

Location

In the semi-pedestrianised zone, in a prime trading position on the south side of Market Place, in the heart of the town centre, diagonally opposite Clarks and nearby Leek Butter Market (recently refurbished) and other multiple retailers such as Coral, Coffee#1, The Works, Specsavers and Boots and a wide variety of independent retailers. Leek is an attractive market town located approximately 12 miles north-east of Stoke-on-Trent and approximately 14 miles south of Macclesfield.

Auctioneer Source Facts

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Commercial Investment. Verify the legal pack, tenancy schedule, title, condition, finance and local market evidence before fixing a maximum bid.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, repairs, decoration and any structural, roofing, fit-out, common-parts or development works identified.

Rental & Market Context

Where the auctioneer publishes passing rent, that figure should take priority over HB modelling. Otherwise, HB income/value figures are indicative appraisal ranges and require local verification.

Sold within approximately 5 miles

Check recent HM Land Registry transactions and closely matched commercial or residential comparables for tenure, covenant, size, condition and location.

Potential BRRR Position

Refinance potential depends on lender valuation, lease/title, income covenant, completed condition and stress testing. Commercial and mixed-use assets may require specialist finance.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the complete legal pack and special conditions

• Verify tenure, occupational leases and rent schedule

• Inspect condition and obtain contractor quotations

• Confirm planning/use class and development constraints

• Confirm finance, VAT and insurance position

• Allow for Barnett Ross administration fee and any seller costs in the legal pack

Recommendation

Proceed only where verified total project cost and income support the intended commercial investment strategy with adequate contingency and margin.

Strategy Rating

Commercial Income: ★★★★☆ | Development: ★★★☆☆ | Resale: ★★★☆☆