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Land at 92 - 96 Heathcote Street, Stoke-On-Trent ST3 1AB

Lot no: 122 Postponed
 

Guide Price £95,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 28th October 2021

10.00am
Key Features
  • Planning approved (see legal pack for details)
  • 8 Bedroomed care home
  • Set in a central and popular residential location
  • Build and rent opportunity
  • Investment project
  • High demand for completed care sites
  • EPC Rating: N/A
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Postponed

Land

Property Description:

Attention all developers, this parcel of land (0.66 acres approx) comes with approved planning consent to erect a two storey care home with eight bedrooms, communal living areas, kitchen, office and parking. (Net internal floor area of 296.94 sqm)

With supportive living being in such demand in todays world and the private and public sectors looking for high quality units, this development site is surely a winner. Today's market is driven by bespoke properties which deliver easy to manage units (less than ten beds) which deliver low running/staffing costs and a better living experience for the occupants which is essential in this expanding and thriving industry sector.

So whether you are a builder/developer just looking to build and then rent/lease the completed building or a care provider in search of a quality opportunity to expand your business, this site delivers. A fantastic opportunity in a growing and thriving market, definitely worth looking at!

Note

The auctioneers have not inspected the land.

Tenure:

Freehold. Vacant possession upon completion.



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.


Auction Deposit and Fees

The following deposits and non- refundable auctioneer’s fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.