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Ridley Reservoir, Merelake Road... 4 bed detached house for sale
Ridley Reservoir, Merelake Road, Alsager ST7 1UF
£350,000
Ridley Reservoir, Merelake Road, Alsager ST7 1UF
£350,000
Our Summary
- DEVELOPMENT OPPORTUNITY CHESHIRE BOARDER FOR AUCTION 28TH - 29TH JULY
- FOR SALE VIA ONLINE AUCTION ON MONDAY 28th July AT 1PM UNTIL TUESDAY 29th July 1PM
- Auction House Staffordshire welcomes a amazing GRAND DESIGNS opportunity (this property has been a part of the grand designs programme previously)
- Artist impression images of potential finished project
- Development potential perfect for builder/developer or home owner looking for their family home to make their own
- 2 Million Development Cost: £600,000 Estimated Profit: £750,000 - £1,150,000 Planning reference number 18/5380C
- FOR SALE VIA ONLINE AUCTION ON MONDAY 28th July AT 1 PM UNTIL TUESDAY 29th July 1 PM
- PRE & POST AUCTION OFFERS WELCOME
- Pre & post auction offers welcome
Description
A unique development opportunity is being offered for sale via online auction, with a guide price of £450,000. The property, previously featured on Grand Designs, is a grand reservoir building located in rural Alsager, boasting extensive views and over 8,000 square meters of space. With potential for renovation and development, the property offers a blank canvas for a builder/developer or home owner looking to create their dream home. The estimated gross development value is £1.8-£2.2 million, with estimated development costs of £600,000 and a potential profit of £750,000-£1,150,000. The property is being sold with planning reference number 18/5380C, and buyers will need to pay an administration fee, buyer's premium fee, and disbursements listed in the legal pack.