Large freehold city-centre office with conversion potential, sold at auction..
Freehold three-storey town-centre office, approx. 3,961 sq ft
This three-storey town-centre office offers a large, freehold development opportunity in Hanley CBD. The building measures approximately 3,961 sq ft and sits close to retail, transport links and leisure amenities, making it a potentially sustainable site for city-centre housing.
A commissioned planning report (available on request) suggests conversion options: five self-contained apartments or a 14-bedroom HMO, with estimated rental incomes outlined. These schemes could deliver immediate rental yield for an investor or a developer prepared to secure planning consent and carry out refurbishment works.
Important negatives are clear: the property will be sold at auction with a 10% deposit (minimum £3,000) and an additional buyer administration fee of £1,800. The area records very high crime levels, very slow broadband, and high deprivation—factors that will influence lettings, management and financing. No planning consent is in place; all redevelopment is subject to statutory approval and buyer due diligence.