High Street, SANDBACH, CW11 1AH

FOR SALE BY TRADITIONAL AUCTION – SUBSTANTIAL CONVERTED MILL WITH DEVELOPMENT & INCOME POTENTIAL – SANDBACH TOWN CENTRE

An exceptional opportunity to acquire a partially renovated converted mill in the heart of Sandbach town centre, offering a high-yielding mixed-use investment with significant asset management and development potential.

This impressive freehold building extends to approximately 12,000 sq ft and comprises three substantial apartments, a large ground floor commercial unit, and additional income from a telecommunications lease.

The property retains character features throughout and benefits from communal areas with lift access, a quirky post room, bin store, resident car parking, and a single garage.

The property presents a compelling investment opportunity with strong and diverse rental income streams. The penthouse apartment is expected to achieve approximately £1,800 per calendar month, while Apartment 2, now fully finished, is projected to generate £2,000 per calendar month. Apartment 1 is anticipated to achieve a similar £2,000 per calendar month once completed. In addition, the ground floor offers significant further potential; subject to division into three or four apartments and the relevant change of use approvals, it is anticipated to produce a minimum annual income of £45,000. Complementing the residential income, the building also benefits from an existing telecoms agreement generating a further £20,000 per annum, enhancing the overall yield and providing a stable supplementary revenue stream.

This property will be offered for sale by public and online auction at The DoubleTree by Hilton, Etruria Hall, Festival Way, Staffordshire, ST1 5BQ on Monday 14th September at 6:30pm. Remote bidding will be available via internet, telephone or proxy. To register to bid on this Lot or to download the Legal Pack, please visit the Butters John Bee website or contact the Auction Team directly.

Common Auction Conditions This property is sold subject to our Common Auction Conditions (a copy is available on request)

Buyers Administration Fee A buyer’s administration fee of £1,800 including VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date

Legal Pack Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor’s solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them

Viewings To view this lot, please contact the selling office

Internet, Telephone & Proxy Bidding Interested in this lot but can’t attend the auction? You can bid by internet, telephone or by proxy by pre-registering with our auction department on or email . Further details are available in the catalogue

Addendum Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue

Guide Price An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction

Reserve The sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction

Proof of Identity To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction

Accommodation

Penthouse Apartment Spacious 4-bedroom unit, partially renovated

Second Floor Apartment 4-bedroom unit, fully refurbished and ready for occupation.

First Floor Apartment 4-bedroom unit requiring completion

Ground Floor Approx. 4,000 sq ft commercial space with potential for alternative use (STP) Potential for 3/4 apartments.

Investment & Income Current income: £19,800 per annum (telecoms rental)

Estimated fully let income:

Penthouse: £22,200 PA

Second Floor: £24,000 PA

First Floor: £24,000 PA (once completed)

Ground Floor Commercial: £45,000 PA

Total potential income: £115,200 per annum

Agents Note Tenure: Freehold

Insurance: Approx. £700 per annum

This is a rare opportunity to acquire a landmark building with significant reversionary yield potential, ideal for investors, developers, or those seeking a high-income producing asset with further upside.