Land for sale

Pre-Auction offers due 12:00 3rd September 2024
For Sale By Auction at 6.30 pm on Monday 9th September 2024
at the Double Tree By Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQ
Contact the Auction Team to Register:[use Contact Agent Button] or [use Contact Agent Button]

Description

3-bedroom detached family house in need of modernisation including period outbuildings, workshop and courtyard.

Also included is a former car showroom and garage with a total internal floor area measuring approximately 228m² . It has a separate vehicle access and a large forecourt in a prominent position adjacent to the A34.

Full planning has been granted for the demolition of the existing premises & the construction of 12 new build Apartments.

Location

The property is located on the A34, less than 1 mile from Newcastle-under-Lyme Town centre and less than 500m to Royal Stoke University Hospital. The property also lies in close proximity to both Keele University (2 Miles) and Staffordshire University (2 Miles). Subsequently, is well suited for the Rental market. The A34 is well serviced with Bus routes, with the No.101 offering regular services to Newcastle, Hanley & Stafford. Stoke Train Station 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 'Demolition of no. 7 Victoria street to be replaced with 12 no. apartments' dated 25 April 2024 (Ref; 23/00784/FUL).

A further full planning application was approved for 'Demolition of existing building and construction of eight two storey, two bedroom houses' in 2008 which has since lapsed (Ref; 07/01145/FUL).

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

- Documents from both applications
- Floorplans
- Elevations
- BJB Comparable Evidence
- Photos

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

The proposed scheme from planning approval (Ref; 23/00784/FUL) comprises;

Unit 1 - 2 bedroom apartment - 61m2
Unit 2 - 1 bedroom apartment - 37m2
Unit 3 - 1 bedroom apartment - 50m2
Unit 4 - 1 bedroom apartment - 50m2
Unit 5 - 2 bedroom apartment - 61m2
Unit 6 - 2 bedroom apartment - 61m2
Unit 7 - 1 bedroom apartment - 50m2
Unit 8 - 1 bedroom apartment - 50m2
Unit 9 - 2 bedroom apartment - 61m2
Unit 10 - 2 bedroom apartment - 61m2
Unit 11 - 1 bedroom apartment - 50m2
Unit 12 - 1 bedroom apartment - 50m2

5 x 2 bedroom apartments
7 x 1 bedroom apartments

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.

GDV / Estimated Annual Income

The estimated GDV for the scheme is £1,240,000 & the estimated annual income is £125,000. Further information including comparable evidence is contained in the info pack.

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.

Rateable value

The current rateable value for the property is £5,600. BJB recommends interested parties make their own enquiries into the business rate payable & any further business rate relief which may be available.

Pre-Auction Offers

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 Enquries

Alex Djukic BSc MSc
Land & New Homes Team
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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.