Conversion/Development Opportunity in Stoke-on-Trent ST4 1AA

Sourced is pleased to present an off-market opportunity that may be of interest developers
▪ Property Type: 3-storey commercial building
▪ Size: Approx. 10,387 sq ft

Key Features:
• Ground floor retail unit with prominent frontage
• Upper floors suitable for full residential conversion (STPP)
• Entire property requires full renovation
• Excellent potential for a mixed-use redevelopment scheme
• Low £/sq ft acquisition: ~£43/sq ft is well below market average for mixed-use buildings in the Midlands.
• Strong rental demand in Stoke-on-Trent, especially for affordable housing and smaller flats.
• Development potential: Opportunity to significantly increase capital value and rental income through conversion.
• Value uplift: Potential to refinance or sell post-renovation for a good profit.
• Diversified income: From both commercial and residential sources.

▪ Guide price: £450,000
▪ Sourcing fee: 3%

This is a great value-add opportunity in a central location, ideal for investors looking to reposition and add value.

Conversion Options
Option A: Keep GF Retail + Convert Upper Floors to Flats
• GF Rental Income (2-3 retail units): £20,400 p.a.
• Upper Floors Conversion:
- Convert into 8 flats (subject to planning)
- Expected rent per 1-bed flat: £750/month
- Gross annual rent from flats: £92,400

Conversion costs (tbc): £318,875
- Potential resale value post-conversion (GDV): £1,155,000 million
- Profit margin after all costs (approx.): £335,125
- ROCE: 69% / ROI: 41%

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.