11th September 2020
Auction offers chance to shape Stoke’s landscape
A fire-damaged pub in Hanley will take a step closer to being demolished and turned into homes when it is sold by SDL Auctions later this month.
Going under the hammer with SDL Auctions on Wednesday 30th September, Stafford House in Clough Street has planning permission for a seven-storey block of 30 apartments with a ground floor restaurant and roof-top terrace. It has a *guide price of £350,000+ and the final value is estimated to be between £2.8 million and £3 million.
Commercial valuer Chris Theocharides said: “This is a superb development opportunity in a convenient location, close to shops, restaurants and supermarkets, with great transport links. The mix of one and two bedroomed apartments is sure to be popular with both buyers and tenants, so there is potential for great returns here.”
The lot is one of several opportunities to shape the Stoke-on-Trent landscape being offered by SDL Auctions, the UK’s **most successful live-streamed auctioneer.
Further north in Tunstall, a parcel of land adjacent to 18 Summerbank Road extending to around 0.38 acres has outline planning approval for eight town houses.
The rectangular plot, which has a guide price of £200,000+, has been cleared and is within a popular residential location within walking distance of Tunstall town centre and Longport train station.
The plans allow for eight town houses with landscaping and parking but auctioneers believe there is scope to increase this to 12 units, subject to the necessary planning consent.
A third lot which will appeal to developers is a former bank in Burslem with the potential to be converted to apartments or a House in Multiple Occupation, subject to planning permission.
2-4 Moorland Road, which has a guide price of £140,000+, is a three-storey mixed-use property which currently comprises a mix of retail, offices and residential accommodation.
The ground floor features a retail space, while the first floor has four offices, a kitchen and WC. The top floor comprises three further offices and an apartment with a living room, kitchen, two bedrooms and a bathroom.
Chris said: “This is an attractive character property which is part brick and part stone and offers a great deal of scope for further development. Subject to the necessary permissions, we feel it has the scope for conversion to apartments or an HMO, with a commercial unit on the ground floor.”
The property sits in the heart of Burslem town centre on Moorland Road at the junction with Swan Square, immediately opposite an area of public open space. It has good public transport links and is convenient for shops and leisure facilities, as well as Haywood Sixth Form Academy.
All three lots will be sold by SDL Auctions, which has sold more than 900 lots and raised more than £100 million for sellers since the start of 2020. They will go under the hammer in SDL Auctions’ National Property Auction on Wednesday 30th September, with bidding by telephone, over the internet or by proxy.
To find out more about any of the lots, or to request a free, no-obligation auction valuation of your own property, click here or call the team on 0800 046 5454.