£50 /Sale price

Auction Commencing on Monday 01st December at 1pm and ending 24 hours later on Tuesday 02nd December at 1pm with Auction House Please register to bid via our website - auctionhouse.co.ukFreehold 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.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: FreeholdAdministration Fee: £1200 inc VAT payable on exchange of contracts.Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.