A rare opportunity to acquire an imposing four storey former mill of brick elevations supporting pitched slate roof surfaces. The building has an established reputation as a bar and restaurant with large first floor function room of unrivalled scale in the town and has also functioned as a nightclub. The ground and first floor areas have been refurbished to a high standard and offer a ‘turn-key’ trading opportunity. The second and third floors could be converted into impressive penthouse apartments with far reaching views. The ground floor briefly comprises a bar area, separate restaurant and bar, kitchen area, store, office and disabled access WC. The central staircase leads to the M&F toilets and a 1,511 sq ft function room with bar and stage area. The second and third floor rooms are vacant. There is also an adjoining four storey mill to the rear, only part of which is used, which presents further conversion potential, subject to planning.
Location
The building has extensive frontage to Market Street and is adjacent to a public car park and is located in Leek town centre just off Derby Street. There are a number of national operators close by including EE, Natwest and Millets. Leek is the largest town in the Staffordshire Moorlands with a growing population of over 21,000.
Accommodation
There are two principle buildings linked by means of a four storey stairwell. Fronting Market Street is the main mill building, to the rear of which is a large single storey extension within which the restaurant is located. To the rear is the second building, comprising a further four storey structure.
Ground floor: Comprising of restaurant, 2 x bar areas, disabled WC. 3,891 sq ft (GIA)
1st floor remaining areas including the function room and toilets. 1,936 sq ft (GIA)
2nd floor remaining areas. 1.936 sq ft (GIA)
3rd floor remaining area including the loft room 1.936 sq ft (GIA)
Remaining areas in the rear building extend to. 1,506 sq ft (GIA) – 502 sq ft per floor.
Total GIA: 11,297 sq ft
Terms
Business Rates:
Rateable Value: £XXX (effective 1st April 2023)
Rates Payable: £XXX pa (23/24)
Note: Retail, hospitality and leisure relief – You could be entitled to 75% off your business rates bills for the 2023 to 2024 tax year (1 April 2023 to 31 March 2024)
Services - Electric, water and drainage are connected. Gas fired central heating throughout. No services have been tested by the agents.
VAT - The sale price is not subject to VAT.
Tenure - Available freehold, subject to contract and with vacant possession upon completion.
Price - £XXX
EPC - Band E (112)
Anti Money Laundering - In accordance with the anti‐money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
Specification
- Imposing four storey former mill extending to over 11,000 sq ft
- Comprises two x bars plus restaurant with fitted kitchen plus function room above
- ‘Turn‐key’ leisure opportunity
- Town centre location with ample parking close by
- Excellent opportunity for residential conversion to upper floors
- EPC: Band E (112)