Land for sale in Land At North Side Belgrave Road, Stoke-On-Trent, Staffordshire ST3

For sale by online auction on Tuesday, 15 Oct 2024 ending at 13:00

Development Land

Lapsed Planning for 5 aparmtnets

Development Land

Lapsed Planning for 5 aparmtnetsFor sale via Online national auction on Monday 14th October 1.00pm until Tuesday 15th October 1.00pm

Purchasers are deemed to rely on their own enquiries with regard to any possible development potential for this individual plot in respect of planning and any other consents or rights over the land, but these details show an artist’s impression of how a development on this site could look subject to planning application being approved by relevant local authority.1. Residential development site

2. Lapsed planning for 5 Apartments

3. 379M2 Total area

4. Desirable area

5. Ideally located for transport

Accommodation

The proposed scheme comprises the following:

Ground floor:

- 1 x One Bedroom Flat (£550 - £600 pcm)

- 1 x Two Bedroom Flat (£620 pcm)

First Floor:

- 1 x One Bedroom Flat (£550 - £600 pcm)

- 1 x Two Bedroom Flat (£620 pcm)

Second Floor:

- 1 x Two Bedroom Flat (£650 pcm)

gdv / Rental Value / Yield

Estimated Total gdv: £400,000

Estimated Gross Rent: £37,080 per annum

Estimated Gross Yield: 9.25%Tenure: Freehold

Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursments - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.