Commercial property for sale in Gresty Road, Crewe CW2

A fully let investment consisting of 5 residential flats, parking space and additional building to the rear that may suit further development. All 5 flats are currently let on an inclusive basis the total net income after utilities is £24,328.

Description

A well maintained building consisting of 5 individual flats, communal hall and staircase, yard / parking for potentially 2 small vehicles and an additional 2 storey building that may suit conversion. The two ground floor flats have separate entrances as well as access via the communal entrance. The property benefits from gas central heating, double glazing, recently painted and carpeted communal area and a new roof on the lower section.

Location

The property is located on the corner of Gresty Road and Bedford Street opposite Crewe Football Stadium. The property is within a short drive of Nantwich Road and Crewe Station in one direction and the A500 leading to M6 in the other direction.

Accommodation

Flat 1
Lounge / Kitchen : 290 sq ft (26.95 sq m)
Bedroom : 94 sq ft (8.73 sq m)
Shower room

Flat 2
Lounge / Bedroom : 220 sq ft (20.45 sq m)
Kitchen : 81 sq ft (7.56 sq m)
Shower room

Flat 3
Lounge / bedroom : 200 sq ft (18.57 sq m)
Kitchen : 78 sq ft (7.22 sq m)
Shower room

Flat 4
Lounge : 162 sq ft (15.04 sq m)
Bedroom : 104 sq ft (9.68 sq m)
Kitchen : 49 sq ft (4.58 sq m)
Shower room

Flat 5
Lounge / Kitchen : 174 sq ft (16.16 sq m)
Bedroom : 112 sq ft (10.36 sq m)
Shower Room

Total : 1,564 sq ft (145.3 sq m)

Outside : Parking for 1 to 2 cars, additional 2 storey building (not inspected) approx 318 sq ft gf.

Services

All mains services are available subject to any reconnection which may be necessary.

Planning

Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Rating

Each flat is listed for individual council tax and according to the voa each one is listed as band A.

Tenure - Freehold

Freehold subject to existing leases in place.

Rent & Utilities

The flats are let on an all inclusive basis with current annual cost for utilities at £11,000 per annum

Flat 1 - £527 pcm
Flat 2 - £557 pcm
Flat 3 - £600 pcm
Flat 4 - £585 pcm
Flat 5 - £675 pcm

Total - £2,944 pcm / £35,328 pa

Net income approx £24,328 with additional potential income from conversion.

Epc

Energy Performance Certificate number and rating as follows;

Flat 1 - 66 D
Flat 2 - 68 D
Flat 3 - 63 D
Flat 4 - 61 D
Flat 5 - 59 D

Proof Of Identity

To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee.

Legal Costs - Sale

Each party is responsible for their own legal costs in respect of the sale of this premises.

Viewing

Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone . Opening hours are 9.00-5.30pm, Monday to Friday.

Photographs

Please note the photographs for Flat 5 were prior to decoration and occupation.