No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Residential development

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Residential development
0 bed
0 bath
11,000 sq ft / 1,022 sq m

Property description & features

.Imposing four storey former mill extending to over 11,000 sq ft
.Comprises two x bars plus restaurant with fitted kitchen plus function room above
.'Turn-key' leisure opportunity
.Town centre location with ample parking close by
.Excellent opportunity for residential conversion to upper floors
.EPC: Band E (112)

General Description - A rare opportunity to acquire an imposing four storey former mill of brick elevations supporting pitched slate roof surfaces. The building has an established reputation as a bar and restaurant with large first floor function room of unrivalled scale in the town and has also functioned as a nightclub. The ground and first floor areas have been refurbished to a high standard and offer a 'turn-key' trading opportunity. The second and third floors could be converted into impressive penthouse apartments with far reaching views. The ground floor briefly comprises a bar area, separate restaurant and bar, kitchen area, store, office and disabled access WC. The central staircase leads to the M&F toilets and a 1,511 sq ft function room with bar and stage area. The second and third floor rooms are vacant. There is also an adjoining four storey mill to the rear, only part of which is used, which presents further conversion potential, subject to planning.

Accommodation - There are two principle buildings linked by means of a four storey stairwell. Fronting Market Street is the main mill building, to the rear of which is a large single storey extension within which the restaurant is located. To the rear is the second building, comprising a further four storey structure.

Ground floor: Comprising of restaurant, 2 x bar areas, disabled WC.
3,891 sq ft (GIA)

1st floor remaining areas including the function room and toilets.
1,936 sq ft (GIA)
2nd floor remaining areas.
1.936 sq ft (GIA)
3rd floor remaining area including the loft room
1.936 sq ft (GIA)
Remaining areas in the rear building extend to.
1,506 sq ft (GIA) - 502 sq ft per floor.

Total GIA: 11,297 sq ft

Business Rates - Rateable Value: £25,500 (effective 1st April 2023)
Rates Payable: £12,724.50 pa (23/24)
Note: Retail, hospitality and leisure relief - You could be entitled to 75% off your business rates bills for the 2023 to 2024 tax year (1 April 2023 to 31 March 2024)

Services - Electric, water and drainage are connected. Gas fired central heating throughout. No services have been tested by the agents.

Vat - The sale price is not subject to VAT.

Tenure - Available freehold, subject to contract and with vacant possession upon completion.

Location - The building has extensive frontage to Market Street and is adjacent to a public car park and is located in Leek town centre just off Derby Street. There are a number of national operators close by including EE, Natwest and Millets. Leek is the largest town in the Staffordshire Moorlands with a growing population of over 21,000.

Epc - Band E (112)

Anti Money Laundering - In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.

Property information from this agent

Places of interest

    Rory Mack Associates is a dedicated team of commercial property consultants, Chartered Surveyors and commercial estate agents based in Newcastle under Lyme, Staffordshire. We serve the neighbouring areas of Stoke on Trent, Stafford, Crewe, North Staffordshire and Cheshire. Our team of commercial property consultants and surveyors offer a full range of property services including: Estate agency, disposal and acquisitions Property management, investment and strategy Survey and valuation advice for residential and commercial property Lease advice for rent review and lease renewal Business rates Dilapidation and condition reports We provide a personal service and add value to our clients’ objectives. We pride ourselves on transparency and good old fashioned customer service which ensures our clients keep coming back, and most importantly, recommend us to their friends and colleagues. Our team of Chartered Surveyors includes RICS Registered Valuers and the firm is regulated by the Royal Institution of Chartered Surveyors (RICS). To enquire about our services in more detail please contact us to speak to a member of our team.

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    *DISCLAIMER

    Property reference 32208929. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Rory Mack Associates - Holly House.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.