Mixed-use development opportunity

The property comprises two existing apartments and a former commercial or retail premises located on the periphery of Stoke town centre. Planning consent was granted for two additional apartments in 2021, for which work has commenced. The property may offer potential for alternative uses, subject to obtaining the necessary planning consents. The property occupies a central position between the commercial centre of Newcastle-under-Lyme and Stoke-on-Trent, providing exceptional proximity to major employment hubs, notably the Royal Stoke University Hospital campus situated less than a mile away. It is well-positioned for higher education, located roughly one mile from Staffordshire University and within direct commuting distance of Keele University. For rail travel, Stoke-on-Trent Railway Station is accessible within approximately 1.2 miles, offering direct connections to national destinations like Manchester, Birmingham, and London. Road connectivity is equally strong, with the nearby A500 D-Road providing immediate access to the local area, the A50, and junctions 15 and 16 of the M6 motorway. Planning consent was granted for the change of use of ground and first floors to dwellinghouses (Use class C3) (prior approval) on 5 May 2021 (Ref: 66277/PRA). Comparable evidence suggests that for the proposed four apartments, a rental value of £650 pcm per unit is potentially achievable depending on specification.