Ref: Lot 5
*investment opportunity** We are pleased to offer a unique property with significant potential for both commercial use and residential conversion in Stoke on Trent.
TO BE SOLD UNDER AUCTION TERMS ON 28th November 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS
Planning approval Granted ref 23/00971/COUNOT
55 High Street, Silverdale, Newcastle-Under-Lyme, ST5 6LY
This is a unique property with significant potential for both commercial use and residential conversion. Its strategic location, coupled with the current planning application for an HMO, makes it an excellent prospect for property investors looking to expand their portfolio in a promising market. Don't miss this opportunity to invest in a versatile property with substantial growth and income potential.
Should the application be approved, once converted and fully let, you should be looking to achieve in the region of £18,000 - £20,000PA.
Investing in Silverdale, Newcastle-Under-Lyme, offers a unique opportunity to capitalize on a location that combines the tranquility of village life with the economic vibrancy of a nearby urban center. Its strategic location, robust rental market, and potential for capital appreciation make Silverdale a highly attractive prospect for property investors. Whether you're looking to invest in residential or commercial properties, Silverdale provides a compelling environment for growth and profitability.
45 Victoria Street Newcastle ST5 6PP - Sold - 11/09/2023 - £172,000
54 High Street Newcastle ST5 6NG - Sold - 07/02/2021 - £164,000
5 The Rookery Newcastle ST5 6NA - Sold - 31/08/2021 - £130,000
Freehold
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.
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.
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
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 firms' employment has the authority to make or give any representation or warranty in respect of the property.
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