£295,000

Gresty Road, Crewe CW2 6EF

1564 sq ft

£295,000

Gresty Road, Crewe CW2 6EF

1564 sq ft

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

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.

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

Freehold subject to existing leases in place.

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

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.

Description

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.

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.

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 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.

Disclaimer

Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

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