Riverside & Meadowside Mill, Mountbatten Way, Congleton CW12 1DY

Riverside & Meadowside Mill, Mountbatten Way, Congleton CW12 1DY

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Town centre office investment with development potential

  • 44,219 sq ft across two separate buildings

  • 131 car parking spaces on a site of 1.65 acres

  • Total gross rent of £446,957 per annum

  • Triple net income of £104,939 per annum

  • ERV when 100% is £532,678 per annum

  • AWULT of 2.3 years to expiry

  • Approved consent for conversion to residential

  • Freehold

  • Seeking offers in the region of £2,900,000

  • 14.48% Net Initial Yield, 3.40% Triple Net Yield and 17.26% Reversionary Yield

  • Capital Value of £66 psf

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