Gatefield Street, Crewe, Cheshire, CW1
- PROPERTY TYPE
Land
- SIZE
Ask agent
Key features
- FOR SALE WITH OUR MODERN METHOD OF SALE ROUTE
- CALLING ALL DEVELOPERS FOR THIS FANTASTIC DEVELOPMENT OPPORTUNITY!!
- PLANNING PERMISSION IN PLACE FOR 13 ONE BEDROOM APARTMENTS & ONE OFFICE SPACE
- FIVE ENTRANCES
- CAR PARK TO THE REAR
- EXCELLENT LONG-TERM YEILD
Description
The rental income potential for this property is impressive, with the 13 one-bedroom flats estimated to generate approximately £675 per calendar month each, and the office space projected to bring in around £1,000 per calendar month. This equates to a substantial annual income of £117,300, which over a 10-year period amounts to an impressive £1,173,000. Additionally, the potential sale price for the 13 one-bedroom apartments ranges from £75,000 to £85,000 per flat, and the office space is estimated to sell for approximately £175,000 to £225,000, resulting in a minimum total sale price of £1,150,000.
In conclusion, this investment opportunity presents a chance to secure a substantial and consistent rental income, as well as the potential for significant returns through the sale of the developed apartments and office space. With the building's prime location and the added benefit of the car park, this property is a promising prospect for investors seeking a high-yield opportunity in the real estate market.
The location offers the convenience of being close to Crewe town centre, schools, other essential amenities and easy access to transport links, including the train station and bus station.
Tenure - Freehold
Council Tax Band - N/A
Thinking about selling your property? For a FREE valuation from one of our local experts, please call or e-mail our Whitegates office, and we will be happy to assist you with an award-winning service.
Cellar Rooms
Cellar
14' 5" x 13' 9" (4.39m x 4.19m)
Cellar
14' 5" x 9' 11" (4.39m x 3.01m)
Cellar
28' 8" x 8' 2" (8.75m x 2.49m)
Reception Room
23' 7" x 19' 8" (7.2m x 5.99m)
Bar
14' 9" x 5' 7" (4.49m x 1.71m)
Reception Room
14' 9" x 7' 9" (4.49m x 2.36m)
Shower Room
9' 2" x 8' 9" (2.8m x 2.66m)
Kitchen
16' 1" x 7' 3" (4.91m x 2.2m)
Utility Room
7' 3" x 5' 10" (2.2m x 1.77m)
WC
Reception Room
51' 10" x 30' 3" (15.8m x 9.22m)
Reception Room
11' 8" x 10' 2" (3.56m x 3.09m)
Reception Room
11' 7" x 10' 11" (3.53m x 3.32m)
Reception Room
15' 10" x 15' 1" (4.83m x 4.6m)
Toilet
Shower Room
9' 4" x 6' 2" (2.85m x 1.88m)
Reception Room
23' 5" x 13' 9" (7.15m x 4.19m)
Reception Room
15' 1" x 13' 3" (4.6m x 4.05m)
Lobby
Kitchen
12' 2" x 8' 6" (3.7m x 2.59m)
Store
8' 6" x 6' 7" (2.58m x 2m)
Auction Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, IAMSOLD Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
Auction Comments
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with IAMSOLD and provide proof of how the purchase would be funded.
Auction Comments
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by IAMSOLD. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Auction Comments
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Gatefield Street, Crewe, Cheshire, CW1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Crewe Station0.8 miles
- Nantwich Station3.9 miles
- Sandbach Station4.2 miles
About the agent
Whitegates, Crewe
173 Nantwich Road, Crewe, CW2 6DF
Crewe's fastest growing estate agency, Whitegates is a locally focused, independent agent.
We are also part of a national network of independent property agents, all committed to the highest standards, and which is the 4th largest estate agency group in the UK. This means that you benefit from a personal approach to your property journey, but with all the advantages of working with a successful and reputable PLC.
Dedicated to customer satisfaction, we are always asking ourselves '
Notes
Disclaimer - Property reference CRE240554. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Whitegates, Crewe. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Whitegates, Crewe on 01270 433736.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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