Retail in Cheddleton available for sale
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Retail Properties for Sale near Cheddleton, Leek

Retail Properties for Sale Within 5 miles of the Cheddleton, Leek

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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FAQs about Retail property for sale in Cheddleton

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How many Retail Property listings are available for sale in Cheddleton?
There are currently 0 Retail Properties available for sale near Cheddleton. These Cheddleton Retail Property listings have an average size of. The largest available listing in Cheddleton is. The thriving commercial centre and excellent transport links in Cheddleton make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in Cheddleton?
The average price/SF for Retail Property for sale in Cheddleton is about. The cost per sq ft for Retail Property in Cheddleton ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in Cheddleton?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in Cheddleton?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in Cheddleton is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the Cheddleton, Leek

With 0 retail units currently available for sale in Cheddleton, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in Cheddleton, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in Cheddleton, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in Cheddleton can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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