LAND EARMARKED FOR MORE THAN 100 STUDENT UNITS PLACED ON THE MARKET
Residential land agents at Harris Lamb are marketing a plot of land in Stoke for redevelopment into a student accommodation scheme.
The 0.7-acre land parcel, located off Leek Road in Hanley, has already been granted outline planning consent for up to 119 student flats.
Harris Lamb is acting as the LPA receiver and the specialist residential land team have subsequently been instructed to obtain offers on the land. They are now in talks with developers, having set a deadline of November 29th for bids on the site.
James Willcock, of the Residential Land team, said: “This is a great opportunity for student accommodation providers who specialise in the region. With the main campus of Staffordshire University a short distance away and a high demand for quality student accommodation in the area, this is a prime location for such a development.
“At present, the site is largely overgrown but once fully cleared, the proposed scheme will see two modern four-storey blocks built on the land. These will accommodate 119 student apartments with en-suite bathrooms and kitchenettes, along with communal areas being located on the ground floor.
“This is a great location to site the student scheme, not only because of its close proximity to the university itself, but because of its convenient access to Junction 15 of the M6. We are already in talks with interested parties eager to deliver the scheme, and we’ve set a deadline four weeks from now for developers to submit strictly unconditional offers for the site,” he added.
Full details of the opportunity including legal pack and draft contract can be accessed via a dedicated data room at www.leekroadstoke.co.uk, the password for which can be obtained by emailing email@example.com or firstname.lastname@example.org.
Disposal is anticipated early 2020.