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Residential Development for sale

Majestic Chambers, Campbell Place, Stoke, Stoke-on-Trent, Staffordshire, ST4 1NA

Removed £295,000
8,621 sq. ft.

Property Description

Commercial information

  • 8,621 sq ft (800 sq m)

Full description

Tenure: Freehold

Located in the middle of Stoke town centre, approx. 0.4 miles (or 650m) from the main railway station (trains to Manchester, London, Derby, Nottingham and Crewe) and Staffordshire University. North Staffordshire University Hospital is approx. 4.7 miles. Close to the A500 main arterial road through the city and link to the M6. The main bus route is outside the front door and the property is central to all the town's amenities. Sainsbury´s Supermarket is only 50 yards.

The premises comprises part of the ground floor and all of the 1st and 2nd floor accommodation of Majestic Chambers, which is a prominent Art Deco former office premises centrally located in Stoke. Constructed by way of a steel frame with masonry walls, concrete floors and topped off with a pitched roof. Much of the interior has now been stripped back and cleared leaving the building in a 'shell' form enabling works to start without delay.

Ground Floor: GIA:
Entrance Hall with stairs to the upper floors 271 sq. ft.
1st Floor: 4,175 sq. ft.
2nd Floor: 4,175 sq. ft.
Total GIA: 8,621 sq. ft.

Water Main
A new 32mm water main was installed 13th August 2015, from across the road. This is currently not metered and there are no bills until the meter is installed. The new main allows for a sprinkler system to be installed, bypassing the metered water.
Electricity Main
A new mains supply and central distribution has been installed and a 99 year lease agreement between the vendor and Western Power is in place. There is also a spare under ground duct which is empty providing the facility for additional power to be connected if necessary.
No services have been tested by the agents.

The previous Rateable Value has been deleted (wef 01/11/2014).

The property has been de-elected for VAT. If the property is being converted into residential it qualifies for 5% VAT development work using VAT Notice 708.

On 19th July 2014 Stoke-on-Trent City Council granted consent (App no 57195) to convert the upper floors into 28 self-contained apartments, in an open-plan aspect with kitchen, bedroom and living room areas and a separate shower room area. The proposed layout ensures the scheme's flexibility as rooms will appeal to both the student market as well as individual key-workers.

A number of surveys have been commissioned to include:
Structural Survey
Asbestos Survey
Thermal Survey
Acoustic Survey
A range of additional documents to include Title Plans, Utility Information and Building Regulation information can also be made available upon request.

The property is available subject to contract and by way of the transfer of a 999 year lease which commenced 26/09/2014 at a peppercorn rent and with vacant possession upon completion.

More information from this agent

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