• City centre residential development opportunity
• Freehold of 24-28 Piccadilly (seller retains the long leasehold of the two
ground floor retail units)
• Planning granted for 4 x 1 bedroom & 1 x 2 bedroom self-contained flats
on floors 1,2 and 3
• Detailed planning granted 20th March 2023 – Ref 67757/FUL
GENERAL DESCRIPTION
The property comprises an ornate and prominently
located building of brick elevations comprises vacant
upper floors and two self contained ground floor shops.
The three upper floors are available separately and on
a freehold basis and have detailed planning permission to
create 4 x one-bedroom apartments and 1 x two-bedroom
apartment with access off Brunswick Street. Planning was
granted by Stoke on Trent City Council on the 20th March 2023
under Application number 67757/FUL.
The site enjoys a prominent position on Piccadilly, a
pedestrianised section of Hanley city centre within the Cultural
Quarter where a plethora of independent bars, restaurants and
shops are located. The building is a well known landmark in the
city with its clocktower, which is incorporated into the scheme.
The buyer will obtain the freehold of the building whilst the
seller will retain the long leasehold interest in the two ground
floor retail units.
LOCATION
The building is located towards the top of Piccadilly and just a 2
minute walk from The Potteries Shopping Centre. Hanley can
be accessed from the A500 via the A52 and A53 and is around
6 miles from junction 15 of the M6.
SERVICES
Mains electricity, water and drainage are connected. Please
note that no serviced have been tested by the agents.
VAT
The sale price is not subject to VAT.
INVESTMENT POTENTIAL
The site has consent to convert the vacant space into 4 x 1
bedroom flats of 33m2 and 1 x top floor 2 bedroom flat of
66m2. Estimated rented income for the 1 bedroom flats is
£550pcm and £600pcm for the top floor. Overall yearly income
potential of c£33,600.
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.
