Residential Development
A prime residential re-development opportunity comprising an existing detached commercial premises with internal accommodation extending to approximately 690 Sq.M (7,427 Sq.Ft). The site measures approximately 0.11 acres and has recently lapsed planning permission for the demolition of the current building and construction of a striking six storey block of 27 apartments. Under those plans the new apartments would detail 14 x 2 bedroom units and 13 x 1 bedroom units with accommodation ranging from 51-60 Sq.M for 1 bedroom units and 67-76 Sq.M for 2 bedroom units totalling 1,662 Sq.M . A full copy of plans will be available within the legal pack.
The site fronts onto Newbridge Lane on the edge of Stockport and within the Town Centre East Regeneration framework which is set to deliver a number of new residential and commercial development projects in the coming years. A variety of amenities and facilities including national and independent retailers, supermarkets, cafe's, restaurants and Stockport Produce Hall & Market are within a 10 minute walk. Junction 27 of the M60 motorway network is within a short drive and provides access to Manchester City Centre and surrounding areas.
3 x 2 bed units
4 x 1 bed units & 2 x 2 bed units
4 x 1 bed units & 2 x 2 bed units
4 x 1 bed units & 2 x 2 bed units
4 x 2 bed units
2 x 1 bed units
Freehold. Commercial investment.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
