Leek Road, Stockton Brook, Staffordshire, ST9 9

5 Bedroom Not Specified
(Reservation Fee Applies - Read More)

Auction from: 11/10/2023 9:00am - to - 11/10/2023 3:00pm

SOLD £0

Initial Price: £250,000

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Whitegates

01625 920646

Beechfield House,
Lyme Green Business Park,
Winterton Way,
Macclesfield,
Stoke on Trent,
SK11 0LP

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Property Overview

A significant development opportunity in the highly sought after location of Stockton Brook. Multiple residential, commerical, and land is available for purchase via auction. Come and take a look... | Immediate Income Upon Completion! |

Whitegates Stoke-on-Trent are thrilled to bring to market this intriguing proposition, located in the highly sought-after location of Stockton Brook, Stoke-on- Trent.

** OFFERED FOR SALE BY MODERN METHOD OF AUCTION WITH ADVANCED PROPERTY AUCTION. A STARTING PRICE OF £250,000 PLUS RESERVATION FEES APPLY **

Consisting of an empty, residential, dwelling, a currently tenanted mid-terraced property, an occupied commercial premises, a tenanted Army cadet hut, and associated land, this sumptuous slice of Stockton Brook is ripe for development and some much needed TLC to really maximise its potential.

The Breakdown:

20 Leek Road - 3-bed, End-Terraced Property: Currently empty, this 3-bed house has seen better days and requires a personal inspection to ascertain what needs possibly actioning to return it to its former glory. We feel, if done to a good standard throughout, the rental return would be sizeable - £650pcm

22 Leek Road - Shop Frontage: Consisting of just a shop/office, and a cellar below, this property is currently tenanted, and you would draw an immediate income from it once the purchase is complete - £130pcm

22a Leek Road - 2-Bed, Mid-Terraced Property: Currently tenanted, this property has a good, long-term, tenant in situ, and would provide an income immediately ipon completion - £400pcm

Army Cadet Hut: Let and in use, this would draw an income for you upon completion - £200pcm

Advertising Board: Currently advertising Ego at The Hollybush, this board is in a prime position on the A53 and provides an immediate income upon completion - £525pcm

Land: Approx. size: 0.73 acres. Classed as common land, we feel it would be difficult to develop this land for other potential income streams, but we don't feel it is impossible.

Due to the wealth of information, and complexities, associated with this opportunity, we highly recommend that you view the collective properties and land in person.

Living Room

10'11" x 12'3" (3.33m x 3.73m) 20 Leek Road:
Dining Room
11'5" x 14'2" (3.48m x 4.32m) 20 Leek Road:

Kitchen

9'6" x 14'4" (2.9m x 4.37m) 20 Leek Road:
Utility Room
9'11" x 7'4" (3.02m x 2.24m) 20 Leek Road:

Cellar

 

Starting Bid and Reserve Price

*Please note this property is subject to a reserve price which is generally no more than 10% higher than the starting bid, both the starting bid and reserve price can be subject to change. T&C's apply to the online Modern Method of Auction, which is powered by Advanced Property Auctions.

Auctioneer's Comments

This property is for sale by the online Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction allows the purchaser 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the sale and takes the property off the market. Fees paid to the Auctioneer are in addition to the price agreed. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to a reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. T&C'S apply to the online Modern Method of Auction, which is operated and powered by Advanced Property Auction. 

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property.