Residential Development for auction in Macclesfield

Description

A freehold development opportunity comprising a Grade II listed former textile mill, built in 1843 in the heart of Macclesfield, offering exceptional potential to create a landmark residential scheme.

The property benefits from approved planning permission for the conversion of the former mill into 30 luxury apartments comprising a range of traditional two-bedroom units alongside a number of spacious three-bedroom duplex penthouses, with associated access and parking (Cheshire East Council Ref: 17/0499M).

The current scheme provides 33 on-site parking spaces. There is also scope to add further apartments, subject to the necessary consents, allowing for additional upside. The Gross Development Value (GDV) is estimated at £7.5 million, presenting a compelling proposition for developers and investors. Crucially, works can commence immediately, Asbestos removal has been carried out by the current owners, significantly reducing initial risk and expediting delivery.

Combining architectural character, scale, and strong residential demand, Albion Mill represents an increasingly rare opportunity to transform an iconic industrial building into high-quality homes.

Originally constructed for Thomas Heapy, a leading figure in Macclesfield celebrated 19th-century silk trade. Architectural highlights include red brick elevations, sandstone detailing, a slate roof, and a prominent central parapet inscribed with Albion Mill 1843 Internally, the building retains many original features, including cast-iron columns and timber beams, offering significant scope for sympathetic restoration.

Note:

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Particulars:

These sales details are awaiting vendor approval.

Tenure

Freehold

Occupancy

Vacant posession upon completion

Costs

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% of the purchase price inc. VAT

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

General

Note
Please be advised that [OPTIONAL: whilst our joint agent has conducted an inspection,] the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.