Residential development for sale

TO BE SOLD BY ONLINE AUCTION ON 21ST JANUARY 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS.

Albion Mill, London Road, Macclesfield SK11 7QX

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).

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.

Here are a number of recently sold apartments from a similar development in the area:

Apartment 11, The Bridges, SK10 1FW Sold - 25/09/2025 £470,000 Flat 3 beds 0.77 mi

Apartment 43, The Bridges, SK10 1FWSold - 20/01/2025 £385,000 Flat 2 beds 0.77 mi

Apartment 37, The Bridges, SK10 1FW Sold - 11/12/2024 £355,000 Flat 2 beds 0.77 mi

Apartment 19, The Bridges, SK10 1FW Sold - 08/01/2024 £345,000 Flat 2 beds 0.77 mi

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.