Chorley Mill, 1 West Street, Leek, Staffordshire, ST13 8AF

For sale by Online Auction - 30th of July at 10:00.

Freehold former mill with planning permission for 21 ensuite studios

Description
This substantial former mill building extends to approximately 8,700 sq ft and benefits from planning consent for the conversion into 21 self-contained ensuite studios. The proposed scheme includes private kitchenettes within each studio, three communal kitchens and lounge areas, bike storage and parking. The top-floor "penthouse-style" studios are designed with mezzanine sleeping areas and attractive views towards the Peak District, creating a distinctive accommodation offering within the local market.

Situated in the prosperous market town of Leek, Staffordshire, the property occupies a highly convenient location within walking distance of shops, restaurants and everyday amenities. Leek continues to benefit from significant investment and regeneration, with Staffordshire Moorlands District Council securing £17.1 million of funding to enhance the town's retail, cultural and wellbeing facilities. Connectivity is excellent, with Manchester accessible in approximately 50 minutes via nearby Macclesfield railway station.

The approved scheme offers multiple potential exit strategies and income streams. The accommodation is well suited to the HMO, contractor and professional rental markets, with the inclusion of private ensuites and kitchenettes providing scope to achieve premium rents compared with standard shared accommodation. The property also presents strong serviced accommodation potential, benefiting from its proximity to the Peak District and being approximately 11 miles from Alton Towers, attracting both leisure and tourism demand.

** PLANNING REF SMD/2019/0105 **

Legal PackA legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a %+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.