Detached house for sale in 229 Nantwich Road, Crewe, Cheshire East CW2

For sale by online auction on Tuesday, 20 Aug 2024 ending at 13:42

for sale via online unconditional auction. Bidding opens Monday 19th August at 1PM & closes Tuesday 20th August at approximately 1PM

for sale via online unconditional auction. Bidding opens Monday 19th August at 1PM & closes Tuesday 20th August at approximately 1PMSCOPE to add value through refurb

Central & convenient location

scope to further convert STPP/consents

potential for rental uplifts

A freehold residential investment close to Crewe centre and Cheshire College with a current rental income of £25,080pa, representing an initial gross yield of 15.2% based on the guide price.

Comprising a significant, extended period end of terrace house configured as 6 flats, currently let. Providing the opportunity to sub-divide or re-develop (STPP) For sale as a single freehold lot, which in itself presents a magnificent opportunity.

Floor plan (Dimensions/drawings are indicative and for illustration purposes only).

Register for legal pack and bidding on our website.

Please note No appliances have been tested by Auction House. Any measurements are approximate. We recommend any would be bidders conduct their own due diligence in good time prior to the auction taking place.

Location

Close to local schools and amenities with good access to town centre and Hospital, as well as Mainline rail service to London, Manchester & Birmingham M6 access at junctions 16 and 17 which presents easy road links.

Tenancies

Flat 1 AST for 6 months from 18/10/2023 now periodic for £300 pcm.

Flat 2 AST for 6 months from 18/10/2023 now periodic £300 pcm.

Flat 3 AST for 12 months from 22/12/2023 for £425pcm.

Flat 4 AST for 12 months from 20/6/2023 now periodic for £365 pcm.

Flat 5 AST for 12 months from 30/10/2023 for £350 pcm.

Flat 6 AST 12 months from 27/04/2022 now periodic for £350 pcm.

EPC ratings

Flat 1 E

Flat 2 E

Flat 3 D

Flat 4 D

Flat 5 D

Flat 6 ETenure: FreeholdEPC Rating: See Legal Pack

Lot Type
Residential Investments

Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts at the fall of the virtual gavel.

Administration Charge - £1200 inc VAT payable on exchange of contracts at the fall of the virtual gavel.

Disbursments - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.