The site comprises a level parcel of land extending to 0.26 acres having a frontage of 50 meters to Grove Road and an average depth of approx. 24 meters. The area of land is undeveloped and forms what will become an extension of residential stock along Grove Road.
The acquisition of this site comes with a number of specific advantages as the vendor owns land adjoining which, subject to separate agreement, can be used in part as a compound and materials storage area and any surplus earth can be disposed of on the adjacent land instead of carting off site. All of the required reports needed to accompany a planning application have been commissioned and are included in the sale and the vendor can offer a full range of design and planning submission services.
Location
The site is located in Heron Cross, on the outskirts of Fenton and forms an extension of existing housing stock along Grove Road. There is a junior school close to the site and access to the A50 dual-carriageway is within ½ a mile.
Accommodation
Referring to the attached plan, the land offered for sale (verged red), measured via ProMap, extends to 0.26 acres (0.1 ha).
Terms
DEVELOPMENT POTENTIAL - The vendor has met with Stoke on Trent City Council’s planners in order to discuss the suitability of obtaining consent to develop the site which has been met with general approval and correspondence dated 1st July 2021 from the Council confirming this can be made available. The vendor has prepared drawings illustrating two pairs of semi-detached houses and a single detached house, all of which are arranged over three floors and offer 3 bedrooms for the semi’s and four bedrooms for the detached all with en-suite and with off road parking to the front and private gardens to the rear.
GROSS DEVELOPMENT VALUE:
The 3 Bed semi’s has a GIA of 1,617 sq ft (150.2 m2)
The 4 Bed detached house has a GIA of 1,753 sq ft (162.9 m2)
The agents estimate that the semi-detached houses will have an Open Market Value of circa £225,000 and the detached house an OMV of circa £250,000 generating an GDV of £1,150,000.
SERVICES - We understand that all mains’ services are located in Grove Road and are available for connection, subject to confirmation from the appropriate utility company. No services have been tested by the agents and interested parties are requested to make their own enquires in terms of availability.
VAT - The sale price is not subject to VAT.
TENURE - Available freehold, subject to contract. Subject to further negotiations, the vendor is prepared to grant an interested party a period of exclusivity upon payment of a 20% refundable deposit in order to provide a period of time to obtain a detailed planning permission.
GUIDE PRICE - £175,000
ANTI MONEY LAUNDERING REGULATIONS - In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
Specification
- Level and undeveloped parcel of land extending to 0.26 acres
- Pre application approved for residential development
- Scheme prepared for submission for 4 x 3 bed semi’s and 1 x 4 bed detached
- Anticipated Gross Development Value of circa £1,150,000
- Supplementary Application reports commissioned and included in sale