Residential development for sale
Property description & features
- Tenure: Freehold
To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk
*investment opportunity* We are pleased to offer a unique property with significant potential for both commercial use and residential conversion in Stoke on Trent.
TO BE SOLD UNDER AUCTION TERMS ON 28th November 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS
Planning approval Granted ref 23/00971/COUNOT
55 High Street, Silverdale, Newcastle-Under-Lyme, ST5 6LY
This is a unique property with significant potential for both commercial use and residential conversion. Its strategic location, coupled with the current planning application for an HMO, makes it an excellent prospect for property investors looking to expand their portfolio in a promising market. Don't miss this opportunity to invest in a versatile property with substantial growth and income potential.
Should the application be approved, once converted and fully let, you should be looking to achieve in the region of £18,000 - £20,000PA.
Investing in Silverdale, Newcastle-Under-Lyme, offers a unique opportunity to capitalize on a location that combines the tranquility of village life with the economic vibrancy of a nearby urban center. Its strategic location, robust rental market, and potential for capital appreciation make Silverdale a highly attractive prospect for property investors. Whether you're looking to invest in residential or commercial properties, Silverdale provides a compelling environment for growth and profitability.
45 Victoria Street Newcastle ST5 6PP - Sold - 11/09/2023 - £172,000
54 High Street Newcastle ST5 6NG - Sold - 07/02/2021 - £164,000
5 The Rookery Newcastle ST5 6NA - Sold - 31/08/2021 - £130,000
Tenure
Freehold
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a £3,000 + VAT buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
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Property reference 267664. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Town & Country Property Auctions - Cheshire, Staffordshire and Shropshire.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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