Investment Summary

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

  • 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
Back to investments