Land in Stoke could be sold for student accommodation

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Land in Stoke could be sold for student accommodation

Postby dutchman » Wed Sep 13, 2017 11:01 pm

The 0.27-acre site in Clay Lane is being sold by Loveitts on September 21

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Interest in a plot of land in Stoke - which already has planning permission for student accommodation - is expected to be huge when it goes under the auctioneer’s hammer later this month.

The 0.27-acre site in Clay Lane is being sold by estate agent and auctioneers Loveitts on Thursday, September 21.

Loveitts have said they believe the lot will attract a high number of bidders as it represents an ideal investment opportunity, given continued high demand for student accommodation in Coventry.

The land, which has permission to build a 37-bed accommodation block, is one of more than 25 lots being auctioned at Loveitts’ bi-monthly auction.

Loveitts director and auction manager Sally Smith said: “This is an incredible opportunity for property investors as the land comes with approved planning permission for student accommodation - a sector which has proven to be very profitable, especially in Coventry.

“We are expecting a large crowd at this auction because it features a selection of mixed-use properties and vacant land.

“Our lots range from homes for first-time buyers to major investments opportunities for experienced as well as first-time investors.”

The Loveitts auction takes place at the Village Urban Resort Hotel in Coventry starting at 6.30pm on September 21.

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