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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
£75,000

Our Summary

  • Guide Price £75,000-£85,000 * 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

A former retail unit in a great location, close to the centre of town, is being sold by online public auction with a guide price of £75,000-£85,000. The property has planning permission to convert into a two-bedroom residential home, offering a fantastic investment or development opportunity. The property requires full renovation and is being sold with an unconditional auction, with a 5% buyer's premium and VAT added to the sale price. The buyer is legally bound to purchase the property once the hammer falls, with contracts exchanged and a 28-day completion period. The seller may consider pre-auction offers prior to the auction date, subject to the same auction conditions. The property comprises a lower ground floor lounge, first-floor bedrooms, shower room, and basement store kitchen, offering a blank canvas for renovation and development. Viewings are available to serious prospective purchasers who can demonstrate they are proceedable under auction conditions.