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Lot 8

Freehold Town Centre Retail Investment + Vacant Uppers with Planning - Gross Yield 11.9%
6 Week completion

Situation

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.

Property

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.

VAT is NOT applicable to this Lot

FREEHOLD

Planning

Planning Permission was granted by Staffordshire Moorlands District Council on 27th October 2025 for ‘Conversion of first and second floors to create three, one bedroomed flats and two storey side extension' - Planning Ref: SMD/2025/0398.

Click here to view the Planning Documentation.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

14 Market Place, Leek, Staffordshire ST13 5HH