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1 West Street, Leek ST13 8AF

Lot no: 109 Postponed
 

Guide Price £250,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Wednesday 27th March 2024

9.00am
Key Features
  • Freehold development opportunity with planning consent
  • Permission granted for conversion to 21 bed HMO
  • 8,780sq.ft. (816 Sq.m)
  • Potential for alternative schemes (subject to consent)
  • Centre Location
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Postponed

Residential Development

Property Description:

This substantial property has three floors, constructed of brick walls and a tiled pitched roof, currently accommodates several workshop and office space. Floor area is
816sq.m and the site area is 622sq.m. and benefits from several off-road car parking spaces.

Leek was recently voted the best place to live in Staffordshire. The Council have also recently secured £17.1m to regenerate Leek.

PLANS AND PROPOSALS -

Planning consent is in place to convert the building into a 21 bedroom HMO.

Ground floor will consist of eight studio rooms with a shared kitchen and laundry.

First Floor will consist of seven studio rooms with a shared kitchen and laundry room.

Second Floor will consist of six studio rooms with Mezzanine floors, and a shared kitchen.

There will be two entrances and two staircase providing access to all floors.

Each floor will be classified as one dwelling with its own facilities, housing the studios on that level

There is parking for up to five cars in the front courtyard.

A separate bin store which serves the building

Penthouse style studios on top floor will have mezz beds and views of the Peak district.

Located in a prosperous market town, close to shops, restaurants and other amenities.

Ideal location for serviced accommodation given proximity to Alton Towers Theme Park

Excellent letting potential to workers/contractors etc.

Chorley Mill is located on the north side of Leek Town centre within reach of the local amenities, surrounded by commercial and residential properties, set within the Leek
conversation area. Access via A523 or the A53 via St Edwards Street. Located in Staffordshire nearby towns are Stoke -on-Trent

Railway - Congleton 7 miles approx. and Longport 9 Miles approx. Commutable to Manchester via Macclesfield railway station (50 mins), London Euston 1 hr 30 mins from
Stoke-on-Trent.

Bus Links – From the Town centre providing direct access to local villages

Draft Sales Details

These sales details are awaiting vendor approval.

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 Fixed Fee.

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

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 (and any applicable Home Report for residential Scottish properties).


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.