Retail to 9 flats and 2 retail units
Commercial Conversion
We acquired this property at auction, a week after viewing, for a bargain price
of £368,000. Located in a market town with a population of 57,000,
it has a hospital that employs over 3000 staff and is home to Astra Zeneca.
![42 Mill St Macclesfield](https://middleparkprojects.com/wp-content/uploads/2021/03/1.jpg)
![](https://middleparkprojects.com/wp-content/uploads/2021/03/IMG_20200527_130933-scaled.jpg)
Retail to Resi
There is over 920 sqm of internal space, and we plan to convert the top levels into 9 flats. As with #thebankjob, planning risks are mitigated as this
will be built with permitted development rights. As a hold strategy, we are projecting an infinite ROCE, and a 5-year
weighted average ROCE
from 42%.