9th April 2018
Development opportunity in Connah’s Quay in SDL Auctions Cheshire & North Wales’ April auction
A substantial development site in Connah’s Quay in Flintshire is the pick of the commercial lots in SDL Auctions Cheshire and North Wales next auction at Chester Racecourse on Wednesday 25 April.
The plot at 231-235 High Street in Connah’s Quay, comprises three former commercial buildings with outline planning permission for demolition and redevelopment. The plans currently permit the construction of three ground floor commercial units, which have potential for development subject to gaining planning permission, along with six residential flats above.
Edward Feather, senior valuer and auctioneer at SDL Auctions Cheshire and North Wales, said: “There may be further potential to amend the existing planning to allow for further residential units, subject to planning permission, and once constructed we believe the total value of the site could be worth in the region of £450,000.”
It has a *guide price of £75,000-£100,000.
Also included in the catalogue of 25 lots is a commercial investment opportunity at 51 Hungerford Road in Crewe, a ground floor premises currently let to Martin McColl Ltd, expiring in September 2020 and currently producing £10,250 per annum. The property is located on a main arterial route, close to the town centre, and has a guide price of £95,000+.
Another retail property at 11 Chester Road in Shotton, Deeside in Flintshire, is a three storey, mid-terrace property located on the main pedestrian high street and is situated between a Boots pharmacy and a NatWest bank.
Edward Feather said: “The property has considerable scope for conversion or alteration, subject to planning permission and is deceptively large, with a substantial first floor area in addition to a cellar and garage. It currently trades as a second hand goods shops but vacant possession will be provided upon completion.”
It has a guide price of £50,000-£60,000.
The SDL Auctions Cheshire and North Wales auction takes place at Chester Racecourse on Wednesday 25 April. The full catalogue featuring 20 lots can be viewed here.