* Freehold
* •Plot of land with granted consent to construct 5 bed HMO
* •Located in popular HMO location close to Royal Stoke University Hospital
* •Close to the town centre and opposite new student accommodation
* •Level and undeveloped parcel of land with frontage to A35
* •Detailed planning granted April 2020 (recently expired)
• Plot of land with granted consent to construct 5 bed HMO with en - suites
• Located in popular HMO location close to Royal Stoke University Hospital
• Close to the town centre and opposite new student accommodation
• Level and undeveloped parcel of land with frontage to A35
• Detailed planning granted April 2020 (recently expired)
**General Description**
The site comprises a level and undeveloped parcel of land with a width of 6. 2
meters and a depth of 31. 5 meters upon which consent was granted in April 2020
to construct a three storey 5 bedroom HMO in a similar
style to the adjacent Victorian property. Although planning permission
recently expired in April 2023 it is anticipated that consent will be renewed
upon submission of a new application, as demand in the area remains high for
student accommodation.
Planning was granted by Newcastle under Lyme Borough Council on the 9th April
2020 under Application number 19/00920/ful.
The site enjoys a slightly elevated position overlooking London Road (A34) and
is adjacent to number 99 London Road, which is owned by the vendor of the
subject site, who will naturally be sympathetic to the needs of the builders
whilst construction is on - going.
**Location**
The site is located between two late Victorian properties in a predominantly
residential area on the outskirts of Newcastle under Lyme’s town centre and is
within quarter of a mile of the Royal Stoke University Hospital and is also
immediately opposite a recently constructed student accommodation development.
The area proves popular with students from both the neighbouring hospital and
Keele University as well as with workers in the area. The site has roadside
frontage and pedestrian access to the front and vehicular access to the rear
via a cobbled ginnel off Duke Street.
**Services**
All mains services are thought to be available, although interested parties
are required to make their own enquires in this respect.
**Vat**
The sale price is not subject to VAT.
**Investment Potential**
Number 99 London Road is already converted into a 5 bed HMO and has
successfully operated for a number of years serving the Keele University
population. This property generates a gross income of £2, 937 pcm, 11 months a
year, thus producing an annual income of £32, 307 pa. Once constructed, it is
expected that the new development will generate no less income and quite
possibly more, as tenants will pay a premium for a brand - new property. Running
costs should also be reduced due to modern building standards and additional
thermal efficiency.
**The Proprosal**
The site is offered for sale on a freehold and ‘offers invited' basis.
‘Subject to planning’ offers will also be considered for those who wish to
secure the renewal of the previous planning consent prior to committing to the
purchase.
**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.

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