Freehold Ground Rent Land Investment - Secured upon a Parcel of Land at Pavilion Drive, Stoke-on-Trent, ST1 5NY. (Formally Known as Land Lying to the West of Cobridge Road, Stoke-on-Trent). A Valuable Reversion of the Current Ground Lease will take place in only 34 Years! giving vacant possession to any buyer.
Description
An opportunity to purchase the freehold interest to a well positioned parcel of land situated in a very prominent location, directly facing onto the busy War Memorial Roundabout and at the corner with Greyhound Way. The land parcel is very close to a large Morrisons Supermarket and being opposite the Festival Heights Retail Park (which includes Harvey's Benson Beds, Pets at Home, Curry's PCWorld and Halfords The wider area was previously developed by St. Modwem Properties as part of a multi-million pound redevelopment of the entire area into a very attractive modern retail and business park
A new Lidl supermarket is currently under construction close by.
Note 1. The seller has previously received an in principle offer from a specialist outdoor advertising hoarding company to erect a traditional fixed paper & paste advertising hoarding facing the busy War Memorial Roundabout which would produce a yearly income of approximately £1,200 subject to all necessary permissions and the ground leaseholders negotiated consent . Buyers are to rely solely on thier own enquiries only.
Note 2. There is a valuable lease reversion offering vacant possession to the freehold land which will take place in only 34 years). Only the sellers freehold land held under Title Number SF360198 is being sold.
Guide Price £50 + Fees
1. Please note that any photographs are to show buyers the general area of the land and shows other businesses in the locality.
Tenure: Freehold
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
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- Unconditional (Immediate Exchange)
Call the team on 0114 223 0777 for more information
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