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Redmoor Mill Buxton Rd

45,000 SF 100% Leased Industrial Building New Mills SK22 3JS $2,471,483 ($55/SF) 2.33% Cap Rate

Investment Highlights

  • Roadside to the A6
  • Ample yard space for parking and open storage
  • New Town train station is less than 400 metes away

Executive Summary

Prime roadside site of approximately 1.8 acres offering a rare opportunity to acquire a site that has not been on the market in over a generation, in great location on A6.
The vendors, having run a successful enterprise from the site for many decades, are due to retire and offer the sale of the freehold with vacant possession. The property is a multi-storey light industrial building of approximately 41,000 square feet compromising of storage and distribution space on the ground and lower floors, with offices, meeting rooms and smaller storage areas on the first floor. Access to the property is via driveways on either side of the building that lead to the rear where there is a loading bay, area for open storage and a minimum of 25 off road parking spaces.
The site is situated in New Mills, Newtown, in the Borough of High Peak. New Town train station is situated less than 400m away running directly to Manchester in around 30 mins. The site sits adjacent to the A6, which runs to Stockport, 9 miles away, and Manchester, 16 miles away to the west, or Buxton, 11 miles to the east. Manchester Airport is 12 miles away to the west and the A6 connects to a network of motorways. The stunning Peak District National Park is just a short few miles to the east.
There are no recent planning applications on the property.
The rateable value is £45,500.
The site offers great potential to divide the current structures to offer smaller commercial units, re-development to retail mixed use, residential, healthcare, conversion to self-storage facilities or other uses subject to planning.

Attachments

Brochure

Property Facts

Price $2,471,483
Price Per SF $55
Sale Type Investment
Cap Rate 2.33%
Tenure Freehold
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 1.80 AC
Rentable Building Area 45,000 SF
No. Stories 2
Year Built 1930
Parking Ratio 0.56/1,000 SF

Amenities

  • Yard
  • Automatic Blinds

Utilities

  • Lighting - Fluorescent
  • Listing ID: 33080372

  • Date on Market: 9/6/2024

  • Last Updated:

  • Address: Buxton Rd, New Mills SK22 3JS

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