Russell Street, Leek ST13 2 bed terraced house for sale

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Russell Street, Leek ST13 2 bed terraced house for sale

31 Russell Street, Leek, Staffordshire, ST13 5JF
£50,000

Our Summary

  • Guide Price £50,000+ * Plus 5% Buyers Premium + VATFor sale by unconditional online auction
  • 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
  • uk FOR SALE BY ONLINE PUBLIC AUCTION
  • FORMER RETAIL UNIT WITH PLANNING PERMISSION FOR CONVERSION TO RESIDENTIAL
  • FANTASTIC INVESTMENT / DEVELOPMENT OPPORTUNITY
  • Town & Country Property Auctions are pleased to offer to the market for sale by unconditional online public auction this vacant former retail unit with planning permission for conversion to a residential home
  • The property has previously been used as retail but has planning approval (SMD/2024/0379) for conversion to a two-bedroom terraced dwelling
  • The property requires full renovation
  • However, this presents an opportunity for investors to develop the property into a commercial space within a prominent part of the town, or, alternatively to convert into residential accommodation
  • 56m)Viewings are available to serious prospective purchasers who are able to demonstrate that they are proceedable under auction conditions
  • The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)
  • Pre Auction Offers Are ConsideredThe 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,
  • DEVELOPMENT OPPORTUNITY
  • FOR SALE BY AUCTION
  • INVESTMENT OPPORTUNITY
  • REQUIRES RENOVATION

Description

This former retail unit in a great location, close to the town center, is being sold by unconditional online auction with a guide price of £50,000+. The property has planning permission to convert into a two-bedroom residential home, offering a fantastic investment or development opportunity. The unit requires full renovation, but this presents the chance to develop it into a commercial space or residential accommodation. The property has a lower ground floor lounge, first floor bedrooms, shower room, and basement store kitchen. Viewings are available to serious prospective buyers who can demonstrate they are proceedable under auction conditions. The sale is unconditional, with a 5% deposit and 5%+VAT buyer's premium, and the auction conditions require a full legal completion 28 days following the auction. The seller may consider pre-auction offers prior to the auction date, which will be subject to the same auction conditions.