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Albion Mill, Macclesfield Residential development for sale
Albion Mill, Macclesfield
£1,500,000
Albion Mill, Macclesfield
£1,500,000
Our Summary
- TO BE SOLD BY ONLINE AUCTION ON 21ST JANUARY 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS
- A rare and highly attractive development opportunity to acquire this imposing 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)
- There is also scope to add further apartments, subject to the necessary consents, allowing for additional upside
- 5 million, presenting a compelling proposition for developers and investors
- 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
- Planning permission for 30 luxury apartments
- To be sold under auction terms
Description
Albion Mill, a Grade II listed former textile mill in Macclesfield, is a rare and attractive development opportunity to create a landmark residential scheme. The property has approved planning permission for the conversion of the mill into 30 luxury apartments, with a Gross Development Value (GDV) estimated at £7.5 million. The current scheme provides 33 on-site parking spaces, and there is scope to add further apartments, subject to necessary consents, allowing for additional upside. The mill has been largely asbestos-free since removal works were carried out by the current owners, reducing initial risk and expediting delivery. With its architectural character, scale, and strong residential demand, Albion Mill presents a compelling proposition for developers and investors.