To be sold by Private Treaty with Auction Backstop Freehold Development Opportunity

Computer Generated Image , Water Street, , Greater A residential led conversion opportunity in the popular town of Stockport, benefitting from an existing planning permission INVESTMENT CONSIDERATIONS

• Conversion of a substantial and characterful Grade II Listed former mill building

• Planning permission in place for 213 residential apartments with commercial at ground floor level

• Part occupied and currently producing an income of circa £140,000 per annum

• Freehold

• To be sold by Private Treaty with Auction Backstop

LOCATION DESCRIPTION

Meadow Mill is located approximately 6 miles south-east of on the The site comprises a Grade II Listed former cotton-spinning mill, said to be erected in the northern edge of Stockport Town Centre. Stockport is the largest of the Great Manchester 1870’s with associated car parking to the front. The site is level in its topography and extends to metropolitan boroughs with a population of 286,800 (2014). approximately 1.175 ha (2.9 acres).

Stockport train station is located 1.4 miles from the site, providing direct services to Manchester It is a six storey building comprising approximately 16,257 sq m (175,000 sq ft). It consists of Piccadilly in 7 minutes, Sheffield in 40 minutes, Liverpool Lime Street in 1h 05, 1h 17 a main six storey block, with two wings which have four floors and are slightly lower. It has two and Euston in 1h 57. prominent towers to the centre and an engine house and boiler house to the northern elevation. The mill also retains the original mill chimney. The site can be easily reached by car given its close proximity to a major junction of the M60 motorway. The M60 provides a direct connection to the M62 motorway in the north where Leeds The mill itself is partly vacant with industrial, leisure and retail uses on the first four floors. The and Liverpool can be reached and via the M56 to the M6 where Birmingham is located to the two upper floors which have in fact been recently refurbished to a high spec by a multinational south. grocery and general merchandise retailer for office use, remains vacant. We understand the mill is producing an income of circa £140,000 per annum. A copy of the tenancy schedule can be found The site is bounded on its eastern side by a major Tesco store and to the north by an industrial by visiting the Allsop website. complex dating mainly from the 1970s, with the River Tame and a country to the north and east. TENURE Meadow Mill is located on Water Street with the main access from the east via Tiviot Way and Water Street. There is a subsidiary access from Marsland Street to the west of the site. The property is held Freehold. PLANNING VIEWING INFORMATION

The property is to be offered with listed building consent (planning ref: DC/063280) and full planning The building can be viewed externally any time from the roadside. We will be carrying out block consent for the conversion to a mixed use development comprising of the following:- viewings in due course. Please register your interest with us and we will inform you of the viewing • 213 apartments (50 x studio’s, 62 x one bed, 7 x one bed duplex, 78 x two beds, 2 x two bed dates in due course. duplex and 14 x three bed duplex) on the upper floors, 11 of which are required to be provided as affordable. METHOD OF SALE • 2,208 sq m (23,766 sq ft) of D2 Leisure Use and 200 sq m (2,152 sq ft) A3 Restaurant use at The site is for sale initially by way of Private Treaty and we reserve the right to conclude the ground floor level. marketing by an Informal Tender process. • 173 car parking spaces Should we not receive an acceptable offer and subsequently contracts not exchanged Details of the planning permission including floor plans and other supporting documents can be unconditionally prior, the property will be entered in to and offered at our residential auction on 26 found by visiting the Stockport Council Public Access website and inputting planning reference no. October 2017. DC/063280 in to the search area.

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Please contact the office to register your interest: ASKING PRICE James Mohammed James Wilson Richard Adamson Offers are invited in excess of £7,250,000 for the Freehold interest 0113 243 7955 0113 236 6679 020 7344 2614 [email protected] [email protected] [email protected] subject to existing tenancies, subject to contract 33 Park Place, Leeds, LS1 2RY Tel: 0113 236 6677 www.allsop.co.uk

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP.