Summary - 11 Market Place and 5 Derby Street, Leek, Staffordshire, ST13 ST13 5HH
1 bed 1 bath Retail Property (high street)
**Key Features:**
- Prime Freehold Grade II Listed retail property in central Leek
- Gross Initial Yield: 9.75%
- Current rental income: £19,500 per annum
- Retail unit operating successfully as Coral since 2010
- Ground floor and basement space (1800 sq ft total)
- Long leasehold on upper office accommodation
- Vibrant surrounding area with major retailers: Boots, Superdrug, Specsavers, Wilko
- Excellent pedestrian footfall and urban views
This prominent Grade II Listed retail property at 11 Market Place and 5 Derby Street offers a unique investment opportunity in the heart of Leek, Staffordshire. Encompassing an expansive ground floor betting shop with additional basement space, this retail unit has a solid rental history, currently occupied by Ladbrokes Betting & Gaming Limited. The property's attractive facade, combined with its established location amongst well-known retailers, ensures high visibility and foot traffic. While the building's historic character adds charm, potential buyers should note that future renovations or extensions may face restrictions due to its listed status.
With a gross initial yield of 9.75% and proximity to essential amenities and services, this property is well-suited for seasoned investors or first-time buyers seeking a commercial foothold in a bustling market town. Don’t miss out on the chance to secure a valuable asset in an area known for its vibrant retail environment and rich history.
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