Land
A freehold parcel of land extending to approximately 0.36 acres located along Grove Road benefitting from pre-application enquiry for a development of six residential dwellings. Thought to have potential to offer a denser scheme of up to eight dwellings subject to planning. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
The site is located in Heron Cross, on the outskirts of Fenton and forms an extension of existing housing stock along Grove Road. There is a junior school close to the site and access to the A50 dual carriageway is within half a mile. The site fronts Grove Road close to the Junction with Claud Street.
The vendor has met with Stoke on Trent City Councils planners in order to discuss the suitability of obtaining consent to develop the site which has been met with general approval and correspondence dated 1st July 2021 from the Council confirming this may be made available. The vendor has prepared drawings illustrating two pairs of semi-detached houses and a single detached house, all of which are arranged over three floors and offer 3 bedrooms for the semi’s and four bedrooms for the detached all with en-suite and with off road parking to the front and private gardens to the rear.
Interested parties are advised to inspect the legal pack for more information and the City of Stoke planning portal reference 66507/MAS.
The agents estimate that the semi-detached houses will have an Open Market Value of circa £225,000 and the detached house an on market value of circa £250,000 generating an gross development value of £1,150,000.
We understand that all mains services are located in Grove Road and are available for connection, subject to confirmation from the appropriate utility company. No services have been tested by the agents and interested parties are requested to make their own enquires in terms of availability.
We have been provided with various documents including:
Flood Map – Showing site in Flood Zone 1
Ecology Survey
Noise Survey
Stage 1 SI
Radon Map
Topographical survey
We advise interested parties to inspect the legal pack where the documents can be downloaded.
Buyers are referred to the Overage Agreement in the legal pack (TP1). Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
The sale price is not subject to VAT.
The three bedroom semi detached properties have a gross internal area of 1,617 sqft(150.2 square metres). The four bedroom bedroom detached house have a gross internal area of 1,753 sqft (162.9 square metres).
Freehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
