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Stanley House, Fancy Walk, Stafford, ST16 3AZ

A substantial Victorian former print factory, of brick construction, standing on a corner plot in the heart of Stafford
Location: Stanley House Fancy Walk, Stafford, ST16 3AZ
Property type: Flat, Residential
Tenure type: For Sale Freehold
Tenancy type: Vacant
**Re-entry to a future auction**

A substantial Victorian former print factory, of brick construction, standing on a corner plot in the heart of Stafford.

Property Description
The property has planning permission for conversion to 20 x 2 bedroomed apartments, with the current owners having extensive costings for the completion of the development. For full details please see Stafford Council website with Planning Reference 15/22060/FUL. The property has 9,168 sq. ft. of living space potential offering mainly open plan space arranged over four floors and retains many original features. The current owners have already carried out an extensive schedule of initial works to clear the site and the building in readiness for the next phase to start. We understand the total value of the site once converted would be £233 per sq. ft., which values the site in excess of £2.1 million. It would also make a great build to rent investment which would generate a rental income around £142,000 per annum.

Planning
The planning permission was granted with a clause tying the site to purchase or rent the car park from the council. Interested parties are advised to refer to the legal pack for further information or direct any enquiries to the Local Authority.

Location
The property is extremely well located, close to a great range of local shops, supermarkets, parks, schooling and has good access to the motorway network and is walking distance to the City centre.

Tenure
Freehold. Vacant possession upon completion.

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