Property Details: - Type: Terraced house - Bedrooms: 5 - Bathrooms: 1

Agent: Town & Country Property Auctions - Cheshire, Staffordshire and Shropshire Phone: 0161 937 0131

<b>Guide Price £150,000 * Plus 2% Buyers Premium plus VAT<br/>For sale by unconditional online auction.<br/><br/></b><br/>To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk <br/><br/>A rare chance to acquire a prominent mixed-use property in a high-footfall location within St. John's Square, one of Stoke-on-Trent's most established retail and commercial hubs. <br/><br/>A rare chance to acquire a prominent mixed-use property in a high-footfall location within St. John's Square, one of Stoke-on-Trent's most established retail and commercial hubs. <br/><br/>The property benefits from excellent visibility and pedestrian traffic, making it highly suitable for a retail, office, caf or service business on the ground floor.<br/>The upper parts provide substantial accommodation with excellent potential for conversion into a large House in Multiple Occupation (HMO) or multiple self-contained apartments, subject to planning consent. <br/><br/>Given the strong local rental demand in Stoke-on-Trent, such conversion could significantly enhance returns for the right investor or developer.<br/><br/>This property is offered for sale by auction a strong prospect for investors seeking immediate commercial income, future residential development potential, and exposure to a market with resilient rental demand and value growth fundamentals. Early interest is encouraged.<br/><br/>Depending on your plans for the property, rental income suggested is between £30,000 - £40,000pa<br/><br/>The property does require a schedule of upgrade and repair. <br/><br/>Local Properties Sold Nearby:<br/>The George Hotel, Swan Square, Stoke-on-trent, ST6 2AE - Sold - 05/09/2024 - £725,000<br/>31 - 33, Market Place, Stoke-on-trent, ST6 3AG - Sold - 25/10/2024 - £551,250<br/>6, Market Place, Stoke-on-trent, ST6 4AT - Sold - 24/07/2025 - £450,000<br/><br/>Tenure<br/>Freehold<br/><br/><b>UNCONDITIONAL</b> - Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price. <br/><br/><b>Pre Auction Offers Are Considered</b><br/>The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.<br/><br/><b>Special Conditions</b><br/>Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.