>
Cape Street, Stoke on Trent Land for sale
Cape Street, Stoke on Trent
£80,000
Cape Street, Stoke on Trent
£80,000
Our Summary
- For Sale By Auction at 6
- 30 pm on Monday 20th January 2025at the Double Tree By Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQContact the Auction Team to Register: or
- Commercial building previously used for Class B2 ‘General Industrial’ with full planning for Full planning for change of use and development into 4no
- The site benefits from full planning consent for change of use and first floor extension to create 4no
Description
A commercial building in Hanley town centre, Stoke-on-Trent, is being sold by auction on January 20th, 2025. The property, previously used for industrial purposes, has been granted full planning permission to be converted into four self-contained residential units, including amenity space. The building is located in the heart of the town, within walking distance to the bus station and Potteries Shopping Centre. The property is being sold freehold with vacant possession, and the proposed development is expected to generate an estimated annual income of £30,000. The estimated GDV is £455,000, with each unit expected to rent for £600-£700 per month. The property is being sold with the benefit of full planning consent, but prospective buyers are advised to conduct their own due diligence on the planning status and potential uses of the property.