Freehold Ground Rent Land Investment, Pavilion Drive, Stoke-On-Trent, Staffordshire ST1 5NY
- PROPERTY TYPE
Land
- SIZE
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Description
Auction Commencing on Monday 01st December at 1pm and ending 24 hours later on Tuesday 02nd December at 1pm with Auction House
Please register to bid via our website - auctionhouse.co.uk
Freehold Ground Rent Land Investment - Secured upon a Parcel of Land at Pavilion Drive, Stoke-on-Trent, ST1 5NY. (Formally Known as Land Lying to the West of Cobridge Road, Stoke-on-Trent). A Valuable Reversion of the Current Ground Lease will take place in only 34 Years! giving vacant possession to any buyer.
An opportunity to purchase the freehold interest to a well positioned parcel of land situated in a very prominent location, directly facing onto the busy War Memorial Roundabout and at the corner with Greyhound Way. The land parcel is very close to a large Morrisons Supermarket and being opposite the Festival Heights Retail Park (which includes Harvey's Benson Beds, Pets at Home, Curry's PCWorld and Halfords The wider area was previously developed by St. Modwem Properties as part of a multi-million pound redevelopment of the entire area into a very attractive modern retail and business park
A new Lidl supermarket is currently under construction close by.
Note 1. The seller has previously received an in principle offer from a specialist outdoor advertising hoarding company to erect a traditional fixed paper & paste advertising hoarding facing the busy War Memorial Roundabout which would produce a yearly income of approximately £1,200 subject to all necessary permissions and the ground leaseholders negotiated consent . Buyers are to rely solely on thier own enquiries only.
Note 2. There is a valuable lease reversion offering vacant possession to the freehold land which will take place in only 34 years). Only the sellers freehold land held under Title Number SF360198 is being sold.
Guide Price £50 + Fees
1. Please note that any photographs are to show buyers the general area of the land and shows other businesses in the locality.
Tenure: Freehold
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Freehold Ground Rent Land Investment, Pavilion Drive, Stoke-On-Trent, Staffordshire ST1 5NY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Longport Station1.2 miles
- Stoke-on-Trent Station1.7 miles
- Longton Station3.7 miles
Notes
Disclaimer - Property reference 202511141624sq_6tx6. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, South Yorkshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, South Yorkshire on 0114 697 5583.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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