Belgrave Road, Normacot, Stoke on Trent
£25,000 (Tenant Fees)

DEVELOPMENT LAND
Lapsed Planning for 5 apartments

AUCTION DATE 24TH MARCH TO 25TH MARCH 2025

For sale via Online national auction on Monday 24th March 1.00pm until Tuesday 25th March 1.00pm

Purchasers are deemed to rely on their own enquiries with regard to any possible development potential for this individual plot in respect of planning and any other consents or rights over the land, but these details show an artist’s impression of how a development on this site could look subject to planning application being approved by relevant local authority.
1. Residential development site
2. Lapsed planning for 5 Apartments
3. 379M² Total area
4. Desirable area
5. Ideally located for transport

ACCOMMODATION PROPOSAL
Accommodation
The proposed scheme comprises the following:
Ground floor:
- 1 x One Bedroom Flat (£550 - £600 pcm)
- 1 x Two Bedroom Flat (£620 pcm)
First Floor:
- 1 x One Bedroom Flat (£550 - £600 pcm)
- 1 x Two Bedroom Flat (£620 pcm)
Second Floor:
- 1 x Two Bedroom Flat (£650 pcm)

GDV / Rental Value / Yield
Estimated Total GDV: £400,000
Estimated Gross Rent: £37,080 per annum
Estimated Gross Yield: 9.25%