72A & 72B London Road, Chesterton, Newcastle, Staffordshire ST5 7DY

A substantial freehold mixed-use property occupying a prominent position on London Road in the centre of Chesterton, directly opposite Chesterton Memorial Park.

The property benefits from planning permission for conversion into a high-yield investment comprising 10 HMO bedrooms together with two self-contained ground floor retail units, making it an excellent opportunity for investors, developers and supported accommodation providers.

Works have commenced on the property reducing the costs for the buyer.

Extending approximately 3,880 sq ft (360 sq m) over two floors, the building has already undergone significant refurbishment works including structural alterations, roof repairs and partial first and second fix installations. The development now requires completion, presenting purchasers with the opportunity to add value and create a strong income-producing asset.

The approved scheme provides for two retail units with WC facilities to the front of the property and a well-designed HMO comprising ten bedrooms, six of which benefit from en-suite facilities, together with spacious communal kitchen/living accommodation, shared bathrooms, plant room and refuse storage.

Proposed schedule of accommodation

| Floor | Accommodation | Area (sq m) | Area (sq ft) |

| Ground | Retail Unit 1 | 24.76 | 266 |
| Ground | Retail Unit 1 WC | 3.51 | 38 |
| Ground | Retail Unit 2 | 23.75 | 256 |
| Ground | Retail Unit 2 WC | 2.93 | 32 |
| Ground | Retail Refuse Area | 6.62 | 71 |
| Ground | Residential Refuse Area | 4.60 | 50 |
| Ground | Bedroom 1 (Double) | 14.33 | 154 |
| Ground | Bedroom 1 En-suite | 1.93 | 21 |
| Ground | Bedroom 2 (Double) | 10.52 | 113 |
| Ground | Bedroom 2 En-suite | 3.44 | 37 |
| Ground | Bedroom 3 (Double) | 14.07 | 151 |
| Ground | Bedroom 3 En-suite | 2.92 | 31 |
| Ground | Bedroom 4 (Double) | 18.38 | 198 |
| Ground | Bedroom 4 En-suite | 3.18 | 34 |
| Ground | Shared Kitchen/Dining Area | 47.79 | 514 |
| Ground | Plant Room | 5.16 | 55 |
| Ground | Storage/Sluice Room | 2.01 | 22 |
| First | Bedroom 5 (Double) | 14.65 | 158 |
| First | Bedroom 6 (Single) | 7.50 | 81 |
| First | Bedroom 7 (Double) | 11.46 | 123 |
| First | Bedroom 8 (Double) | 11.97 | 129 |
| First | Bedroom 9 (Double) | 13.56 | 146 |
| First | Bedroom 9 En-suite | 3.01 | 32 |
| First | Bedroom 10 (Double) | 13.00 | 140 |
| First | Bedroom 10 En-suite | 2.71 | 29 |
| First | Shared Bathroom | 3.47 | 37 |
| First | Shared Bathroom | 3.28 | 35 |



Planning Application: 24/00109/FUL Newcastle Under Lyme.

We estimated Gross Development Value of £625,000 with an anticipated market rental income of approximately £75,000 per annum upon completion, offering excellent long-term investment potential.

Chesterton offers a range of local amenities including convenience stores, cafés, takeaways, supermarkets, schools and healthcare facilities, all within easy walking distance. Newcastle-under-Lyme town centre is approximately 1 mile away, providing an extensive range of shopping, leisure and restaurant facilities.

The location is well connected, with the A34 and A500 dual carriageway providing quick access to Stoke-on-Trent, Junction 16 of the M6 motorway and the wider Midlands motorway network. The area is well served by regular bus routes, while Stoke-on-Trent railway station is approximately 5 miles away, offering direct services to Manchester, Birmingham and London.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% inc. VAT of the purchase price (subject to a minimum of £6,000 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.