Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF

Loading the bidding panel...

Registration Guide

Finance available on this property

Contact agent


Town & Country Property Auctions Manchester
Town & Country Property Auctions Manchester

UNCONDITIONAL - Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.

Description

Tucked away on the Cheshire/Staffordshire border, this extraordinary opportunity offers the conversion of the former Ridley Reservoir into a truly landmark, architect-designed subterranean residence. Full planning permission (18/5380C) is already in place for an exceptional four-level luxury home extending to approximately 770 sq m / 8,300 sq ft, with approved plans incorporating expansive open-plan living, four en-suite bedrooms, and a remarkable suite of leisure facilities including a cinema/media room, bar and entertainment areas, gym, swimming pool, plunge pool and associated changing facilities.

Substantial preparatory and structural works have already been completed, including steel RSJs, reinforcement, internal wall formation, window and door openings, partial excavation to lower-ground levels, early waterproofing and drainage works, a formed access road and turning area, and a level working platform—moving the project decisively beyond the “unknowns” stage and providing incoming buyers with clarity on scale, feasibility and build route.

The approved vision delivers a rare blend of contemporary architecture and discreet, private living, with multi-level leisure and entertainment spaces seldom achievable in conventional residential design, complemented by full-height glazing and seamless indoor/outdoor integration. The scale of the development naturally lends itself to a phased build approach, allowing the main dwelling to be prioritised before completing the leisure levels, subject to lender and professional advice.

While consent is currently for a private dwelling (Use Class C3), the sheer size and uniqueness of the structure may also appeal to those exploring alternative future concepts such as wellness, retreat or specialist uses, subject to the necessary consents. Set within open countryside with woodland boundaries, no immediate neighbours and excellent access for construction, this is a genuinely rare, cash-buyer opportunity to complete a standout, portfolio-defining project where much of the complex groundwork has already been done.

Tenure

Freehold

Buyers Premium

* Plus 2% Buyers Premium plus VAT

Pre Auction Offers Are Considered

The seller of this property may consider a pre-auction offer prior to the auction date.  All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit.  To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.  To find out more information or to make a pre-auction offer please contact us.

Special Conditions

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Key Feature 1

Approved design includes expansive open-plan living, four en-suite bedrooms and exceptional leisure facilities including cinema, bar, gym, swimming pool and plunge pool

Key Feature 2

Significant structural and preparatory works already completed, including steel framework, excavation, waterproofing, drainage and formed access road

Key Feature 3

Rare cash-buyer opportunity to deliver a truly one-of-a-kind, portfolio-defining home with phased build potential (STPP for alternative uses)


* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.

Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.

All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).

Loading legal documents ...

Register for auction alerts

By subscribing here you agree to receive relevant emails, news and updates from Town & Country Property Auctions. You can unsubscribe at any time.

Register for auction alerts

Selling

No fuss, fast & free*

Town and Country offer a free selling service to a growing number of people choosing to sell their property quickly and easily through auction.

*Contact individual regions for cost

Buying

How to bid

Our buying at auction guide will help you throughout the process providing you with guidance to confidently secure your purchase.