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4 bed property, in St. Edward Street, £250,000
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4 bed flat

St. Edward Street, Leek ST13
£250,000
AuctionCash BuyersListed BuildingFreehold

This mixed use commercial property consists of 2 shops, 2 cellars, and 4 flats on approximately 275m2 over 4 floors. It has a favourable trading location on the busiest corner of Leek town centre, attracting high rents from national chains. The property offers a high yield of around 15% with low management requirements, making it a safe investment. The building has recently been refurbished with modern insulation, and the shop units are ready for a retailer fit-out. The property has potential for further development, including splitting the title to increase capital value and re-opening cellar stairwells to create additional retail space. The rear access allows for easy maintenance of the shops, flats, and cellars.