Land for sale

For Sale By Auction at 6.30 pm on Monday 20th January 2025
at the Double Tree By Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQ
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Description

Commercial building previously used for Class B2 ‘General Industrial’ with full planning for Full planning for change of use and development into 4no. split level apartments including amenity space.

Location

The site is located in Hanley town centre, just 0.5 Miles from Market Square and the Potteries Shopping centre. The bus station links Hanley with towns in North Staffordshire, as well as Buxton, Crewe, Shrewsbury, and Stafford. The nearest railway station is in Stoke, 1.6 miles southwest of Hanley bus station.

Tenure

Freehold with vacant possession upon completion.

Planning & Supporting Information

The site benefits from full planning consent for change of use and first floor extension to create 4no. self contained residential units with associated works including provision of amenity space, cycle store and bin store, dated 10th February 2022 (Ref; 67397/FUL). A full info pack is available on request which includes the following:

- Decision Notice
- Plans, Elevations and Planning Statement
- BJB Comparable Evidence
- Discharge of conditions

Extract from Officers Report - Potteries Heritage Society comment: "The Society welcomes this well thought out scheme which preserves the industrial character of the building and makes good use of the available space. There are many such buildings around the city, and we believe this could provide a model for their potential reuse"

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 & Rental Value

The proposed scheme comprises the following each with private terrace:

Unit 1. 1 bedroom (47 sq.m/505 sq.ft)
£110,000-£600 pcm
Unit 2. 1 bedroom (42 sq.m/452 sq.ft)
£110,000-£600 pcm
Unit 3. 1 bedroom ( 42 sq.m/452 sq.ft)
£110,000-£600 pcm
Unit 4. 1 bedroom inc. basement (73 sq.m/785 sq.ft)
£125,000-£700 pcm

Total Estimated GDV - £455,000
Estimated Annual Income - £30,000

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

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.

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 £1,800 including 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.

Deposit

Please note that a deposit of 10% of the purchase price (Min £3,000) will be due on Exchange of Contracts, whether the land / property is sold prior to Auction, in the Auction room or after the Auction.

Viewings

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

All Enquiries

Alex Djukic BSc MSc
Regional Land Manager
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Chris Rye
Assistant Land Manager
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Looking for Land & Development Opportunities ?

Please note that not all land & development opportunities 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.