Initial price	£400,000
13/06/25	£350,000
Price Change	-12.50%

A unique development opportunity is being offered for sale via online auction, with a guide price of £450,000. The property, previously featured on Grand Designs, is a grand reservoir building located in rural Alsager, boasting extensive views and over 8,000 square meters of space. With potential for renovation and development, the property offers a blank canvas for a builder/developer or home owner looking to create their dream home. The estimated gross development value is £1.8-£2.2 million, with estimated development costs of £600,000 and a potential profit of £750,000-£1,150,000. The property is being sold with planning reference number 18/5380C, and buyers will need to pay an administration fee, buyer's premium fee, and disbursements listed in the legal pack.