MapGuide price
£225,000Residential development for sale
Market Street, Hyde SK14
Auction
Residential development
4 beds
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
Guide Price £225,000 - £250,000 2% plus vat
For sale by unconditional online auction.
An exceptional development and investment opportunity occupying a prominent and highly visible position on Market Street, in the heart of Hyde town centre.
This substantial former HSBC bank building is offered vacant possession and benefits from approved planning permission for a highly attractive mixed-use scheme under planning reference 24/00271/P3N, comprising:
Ground floor commercial unit
Two one-bedroom apartments
Two-bedroom penthouse apartment
The approved consent provides a clear and immediate route for developers to deliver a strong income-producing asset, combining commercial and residential elements in a location well suited to both owner-occupiers and tenants.
The building's generous floor plates, character features, and town-centre configuration also present potential for alternative layouts, including the possibility of conversion into a large HMO or co-living scheme, subject to the necessary planning consents. This flexibility makes the property particularly appealing to investors seeking scalable rental income or future resale opportunities.
Situated within easy walking distance of local amenities, retail outlets, transport links, and public car parks, Hyde continues to see strong rental demand, underpinned by commuter access to Manchester and the wider Greater Manchester area.
Key investment highlights:
Prominent town-centre freehold building
Planning approved for mixed-use commercial and residential scheme
Scope to add significant value through conversion and refurbishment
Strong rental demand for apartments in the area
Potential HMO or alternative residential configuration (STP)
This is a rare opportunity to acquire a former banking hall with planning in place, offering both immediate development certainty and future flexibility ideal for developers, landlords, and strategic investors.
Early inspection and review of the planning documentation and legal pack is strongly recommended.
Tenure
Freehold
UNCONDITIONAL - Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.
Pre Auction Offers Are Considered
The 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, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
For sale by unconditional online auction.
An exceptional development and investment opportunity occupying a prominent and highly visible position on Market Street, in the heart of Hyde town centre.
This substantial former HSBC bank building is offered vacant possession and benefits from approved planning permission for a highly attractive mixed-use scheme under planning reference 24/00271/P3N, comprising:
Ground floor commercial unit
Two one-bedroom apartments
Two-bedroom penthouse apartment
The approved consent provides a clear and immediate route for developers to deliver a strong income-producing asset, combining commercial and residential elements in a location well suited to both owner-occupiers and tenants.
The building's generous floor plates, character features, and town-centre configuration also present potential for alternative layouts, including the possibility of conversion into a large HMO or co-living scheme, subject to the necessary planning consents. This flexibility makes the property particularly appealing to investors seeking scalable rental income or future resale opportunities.
Situated within easy walking distance of local amenities, retail outlets, transport links, and public car parks, Hyde continues to see strong rental demand, underpinned by commuter access to Manchester and the wider Greater Manchester area.
Key investment highlights:
Prominent town-centre freehold building
Planning approved for mixed-use commercial and residential scheme
Scope to add significant value through conversion and refurbishment
Strong rental demand for apartments in the area
Potential HMO or alternative residential configuration (STP)
This is a rare opportunity to acquire a former banking hall with planning in place, offering both immediate development certainty and future flexibility ideal for developers, landlords, and strategic investors.
Early inspection and review of the planning documentation and legal pack is strongly recommended.
Tenure
Freehold
UNCONDITIONAL - Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.
Pre Auction Offers Are Considered
The 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, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
About this agent
Town & Country Property Auctions - Manchester
23 - 25 Market Street,
Crewe, Cheshire
CW1 2EW
0161 937 2216Town & Country can trace their history back to the early building societies of the nineteenth century, and more latterly the Town & Country Building Society which was formed in 1974. Town & Country Estate Agents formed in 1991 gaining immediate success with a model putting customer service to the forefront. Following expansion over North Wales, North-West and Shropshire, estate agency headquarters were established in Chester City Centre in 2007. 2010 saw the establishment of Town & Country Property Auctions with expansion into the UK, Ireland and overseas in 2018. The continued growth of TCPA nationwide has facilitated a move to new prestigious premises at Regus House, Chester followed by the development of a new digital marketplace for property auctions, with the goal of providing an easy to use, transparent platform for auction buyers and sellers in the modern age.