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Land
Key information
Property description & features
Full Description - The site comprises and rectangular parcel of land extending to 0.18 acres, all of which is cleared of buildings. The site now benefits form planning permission (Application 60469FUL) to demolish the existing buildings (now completed) and construct a 4-storey residential development comprising 32 self-contained flats. The apartments are tastefully designed with open plan kitchen/living room areas. 24 of the two-bedroom apartments have ensuite shower rooms and all of the apartments have private terraces providing external amenity space.
The site represents a great opportunity to construct what would become a landmark residential development in the city centre and in an area that is benefiting from significant levels of investment.
Location - The site has a 37.3 metre frontage to both New Hall Street and Weaver Street and comprises an in-fill development site between two existing buildings and is centrally located in the city centre close to the very popular Cultural Quarter where a wide range of retail, leisure and office orientated businesses are located.
The recently establish Smithfield development () is within ? of a mile, where over 210,000 sq ft of Grade A office space has already been built and occupied with another 214,000 sq ft in the pipeline. The Hilton Garden Inn hotel and an 11 storey 151-unit apartment block have also been constructed and a 730-space multistorey car park is currently under construction. Festival Park is within a 10-minute walk where a significant number of office businesses are located together with leisure outlets such as Waterworld, the Odeon Cinema and Stoke Ski Centre.
Services - We understand that all mains' services are available although interested parties will need to make their own enquiries of the relevant utility companies.
Terms - The site is available freehold, subject to contract.
Vat - The sale price is not subject to VAT.
Planning - On the 25th May 2017 Stoke on Trent City Council granted full permission (Application no: 60469/FUL) to demolish the existing buildings and construct a four-storey apartment block comprising 28 x 2-bedroom apartments and 4 x 1-bedroom apartments. Further details can be found at: using 'ST1 5HQ' in the post code search box.
As the former buildings have been demolished the planning permission has been actioned and as such will not expire.
Other - GROSS DEVELOPMENT VALUE
The scheme comprises the following:
Ground floor First floor
4 x 1 bed apartments @ 603 sq ft4 x 2 bed apartments @ 771 sq ft
4 x 2 bed apartments @ 708 sq ft4 x 2 bed apartments @ 801 sq ft
Second floor Third floor
4 x 2 bed apartments @ 771 sq ft4 x 2 bed apartments @ 771 sq ft
4 x 2 bed apartments @ 801 sq ft4 x 2 bed apartments @ 801 sq ft
The agents estimate that the one-bedroom apartments should achieve £90,000
The grd floor two-bedroom apartments £100,000
The 1st , 2nd and 3rd floor two-bedroom appts £110,000
The above generates a GDV in the region of £3,400,000.
Property information from this agent
Places of interest
Rory Mack Associates - Holly House
Holly House | 37 Marsh Parade Newcastle Under Lyme Staffordshire ST5 1BT
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Property reference 31286488. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Rory Mack Associates - Holly House.
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Broadband availability and predicted speed: obtained from Ofcom on February 15, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 15, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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