Commercial Property in Leek available for sale
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Commercial Properties for Sale near Leek, UK

Explore the Latest Leek Commercial Property for Sale

More details for 11 Market Pl, Leek - Retail for Sale

11 Market Pl

Leek, ST13 5HH

  • Retail for Sale
  • £200,000
  • 1,830 sq ft

Leek Retail for Sale

Investment Consideration:. VAT is NOT applicable to this property Grade II Listed building comprising betting shop at ground floor and basement with self-contained office accommodation above (sold-off) Property benefits from frontage on Market Place and Derby Street Retail unit has traded as Coral since at least 2010 Nearby occupiers include Boots, Superdrug, Specsavers, Wilko and more. Property Description: Grade II Listed building comprising ground floor betting shop with a frontage to Market Place and Derby Street with ancillary accommodation at basement. The upper floors consist of self-contained office accommodation which has been sold-off on long leasehold. The property provides the following accommodation and dimensions: Ground Floor: 116.50 sq m (1,253 sq ft) Open plan retail, Office, WCs Basement: 53.50 sq m (575 sq ft) Ancillary First/Second Floor: Office Accommodation (sold-off) Tenancy: The retail shop is at present let to Ladbrokes Betting & Gaming Limited for a term of 5 years from 1st February 2022 at a current rent of £19,500 per annum and the lease contains full repairing and insuring covenants. The first/second floor office has been sold-off on long leasehold for a term of 999 Years from 24th June 2017 at a ground rent of peppercorn. Location: Leek is a market town and civil parish in the county of Staffordshire, England, on the River Churnet. It is situated about 10 miles north east of Stoke-on-Trent. It is an ancient borough and was granted its royal charter in 1214. It is the administrative centre for the Staffordshire Moorlands District Council. The town of Leek is served by First Potteries. There is a generally hourly service on route 18 to Hanley and 16 on an alternative route via Cellarhead. There are also bus services to the nearby towns of Buxton and Macclesfield. The property is located in the heart of the town centre with nearby occupiers including Boots, Superdrug, Specsavers, Wilko and more.

Contact:

Blue Alpine Partners Ltd

Date on Market:

09/11/2022

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Commercial Properties for Sale Within 10 miles of the Leek, UK

More details for 5 Fieldway, Stoke On Trent - Health Care for Sale

Fieldway Care Home - 5 Fieldway

Stoke On Trent, ST11 9HS

  • Health Care for Sale
  • £1,000,000
  • 5,412 sq ft
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More details for 58 Victoria Rd, Stoke On Trent - Retail for Sale

Darcy's - 58 Victoria Rd

Stoke On Trent, ST4 2JX

  • Retail for Sale
  • £175,000
  • 3,152 sq ft
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More details for Units 1-9 Milvale Street – Industrial for Sale, Stoke On Trent

Units 1-9 Milvale Street

  • Industrial for Sale
  • £495,000
  • 14,875 sq ft
  • 2 Industrial Properties
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FAQs about Commercial Properties For Sale in Leek

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How many Commercial Property listings are available for sale in Leek?
There are currently 2 Commercial Properties available for sale near Leek. These Leek Commercial Property listings have an average size of 1,341 sq ft. The largest available listing in Leek is 1,830 sq ft. The thriving commercial centre and excellent transport links in Leek make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Leek?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Leek currently range from £80 to £194 per square foot. While the average net initial yield for Commercial Properties is 8.88%.
What other types of commercial property are available for sale in Leek?
There is a diverse range of commercial properties available in Leek to suit various business needs. Leek offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 2 Leek commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Leek, UK

Market Overview for Commercial Properties in Leek

Key information for Commercial Properties investors in Leek and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Leek £137 1,341 sq ft
Bebington £81 2,946 sq ft
Stoke On Trent £108 37,097 sq ft
Baildon £423 2,719 sq ft
Heathfield, Essex £263 822 sq ft

Rental Price Trends in Leek

The price per square foot range for Commercial Properties in Leek and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Leek £80 £137 £194
Bebington £81 £81 £81
Stoke On Trent £13 £108 £1,282
Baildon £423 £423 £423
Heathfield, Essex £263 £263 £263

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Leek area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Leek 852 sq ft 1,341 sq ft 1,830 sq ft
Bebington 2,946 sq ft 2,946 sq ft 2,946 sq ft
Stoke On Trent 100 sq ft 37,097 sq ft 514,728 sq ft
Baildon 150 sq ft 2,719 sq ft 7,228 sq ft
Heathfield, Essex 822 sq ft 822 sq ft 822 sq ft

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