Pre-Auction Offers: Due by 12.00 on Thursday 27th June 2024
For Sale By Auction at 6.30 pm on Monday 8th July 2024
at the Double Tree By Hilton Hotel, Festival Park, Stoke-on-Trent, St1 5BQ
Pre-auction offers due by 12.00 Thursday 27th June

Description

Residential development site with full planning consent for 8 x 3 bedroom semi-detached dwellings & 6 x 2 bedroom apartments. Works have commenced with work completed up to damp-course. Building Regs for work completed to date are available for additional cost through Stoke-on-Trent City Council - confirmation detailed within the legal pack along with the latest Site Visit Report from CPR.

Location

The site is located on Leek road, 1.6 miles from Hanley town centre, the main business, commercial and cultural hub of the wider Potteries area. There are a full range of amenities available in Hanley, including Supermarkets, Shops, Bars & Cinema's. The new bus station links Hanley with towns in North Staffordshire, as well as Buxton, Crewe, Shrewsbury, and Stafford. The site is located just 1.6 miles from both Staffordshire University & Stoke railway station, which sits on the Stafford to Manchester branch of the West Coast Main Line. It also provides an interchange between local services running through Cheshire, Staffordshire and Derbyshire.

Planning & Supporting Information.

The site benefits from full planning consent for the 'Erection of 8 no. three bed 2 1/2 storey semi-detached dwellings, 6 no. two bed apartments and new access (part retrospective)' dated 14 February 2023 (Ref; 68096/FUL).

Ground works have commenced and are completed up to damp course. All work up to date has been signed off by building control with confirmation available upon request.

A full info pack is available on request which includes the following:

- Confirmation from Building control
- Decision Notice
- Floorplan's & Elevations
- BJB Comparable Evidence
- Ground Investigation
- Photos

It is our understanding that there is a S106 payment of £9,100 due upon occupation of 50% of the total dwellings constructed on the land.

NB: Whilst BJB will try and supply as much information as we can about the planning status of the land / property, please be mindful that we are not planning consultants and accordingly it is important that prospective purchasers ensure they have inspected the land / property and rely upon their own enquiries, assessments and due diligence with regards to the planning status and current or potential uses. All information is supplied in good faith and BJB cannot be held liable for any errors or omissions.

Accommodation & GDV

The proposed scheme comprises the following:

4 x 2 bedroom apartments (GIA 63.5 sq.m / 683 sq.ft) - £120,000
1 x 2 bedroom apartment (GIA 76.2 sq.m / 820 sq.ft) - £120,000
1 x 2 bedroom apartment (GIA 69.8 sq.m / 751 sq.ft) - £120,000

4 x 4 bedroom semi-detached houses (GIA 95.8 sq.m / 1031 sq.ft) - £190,000
4 x 4 bedroom semi-detached houses (GIA 103.3 sq.m / 1111 sq.ft) - £190,000

Total Estimated GDV - £2,200,000
Total Estimated Annual Income - £144,000

Any sizes / measurements quoted by BJB are correct to the best of our knowledge, however we would recommended all interest parties carry out their own checks before relying on any information provided.

Tenure

Freehold with vacant possession upon completion.

VAT

All prices quoted by Butters John Bee are exclusive of VAT unless otherwise stated. All interested parties should make their own enquiries to satisfy themselves with the VAT position.

Pre-Auction Offers.

Pre-Auction Offers: Due by 12.00 on Thursday 27th June 2024. Any pre-Auction offers should be submitted via e-mail [use Contact Agent Button] All offers will be forwarded to the client for consideration, but please be aware that the majority of clients prefer to let the marketing run for a period, prior to giving serious consideration to accepting any pre-Auction offer.

Common Auction Conditions

This property is sold subject to our Common Auction Conditions (a copy is available on request).

Buyers Admin Fee

A buyers administration fee of £1,000 plus VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.

Legal Pack

Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website . Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor's solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.

Addendum

Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue.

Internet, Telephone and Proxy Bidding

We are pleased to announce that we are now back in the Auction room at the Double Tree Hilton Hotel (Moat House). However, we also have the other bidding options available: On-Line / Telephone / By-Proxy. You will need to register in advance and provide two forms of ID. Register at or contact the Auction Team on[use Contact Agent Button] or [use Contact Agent Button]

Legal Costs

Please refer to the auction pack in respect of any legal fees or search fees which may be due upon exchange or completion.

Viewings

Strictly By Appointment with the BJB Land & New Homes Team.

All Enquiries

Alex Djukic BSc MSc
Land & New Homes Team
[use Contact Agent Button]
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Looking for Residential Land ?

Please note that not all residential development land will appear on our website. To ensure that you do not miss out on these opportunities please e-mail: [use Contact Agent Button] or call the Land & New Homes team to discuss your requirements.

Disclaimer

Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.