SOLD STC
Agent Details
Chartered Surveyor
0.07 Acres
Full planning consent for 11 x 1 Bedroom apartments
GDV - Estimated at £1,200,000
Pre-Auction Offers.
BJB Land & Development
Freehold
Residential Development Site Full planning consent for 11 Town centre apartments
For Sale By Auction at 6.30 pm on Monday 20th November 2023
at the Double Tree By Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQ
Contact the Auction Team to Register: 0800 090 2200 or auction@bjbmail.com
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.
Location
More Information
Room Descriptions
Description
Vacant land located in Crewe town centre with full planning consent for 11 x 1 Bedroom apartments.
Location
The site is located just 0.8 miles from Crewe town centre where all major amenities can be sourced including shops, bars & restaurants. The site sits on the Leighton link bus route which runs services to the town centre every 5 minutes. Crewe railway station is located less than a mile from the town centre. It is one of the largest stations in the North West and is a major interchange station on the West Coast Main Line.
Planning & Supporting Information
The site benefits from full planning consent for a four storey block including 11 apartments and associated parking and access arrangements (resubmission of 20/0829N) dated 5 July 2022(Ref; 22/1381N). A full info pack is available on request which includes the following: - Site layout - Decision Notice - Floorplans - Elevations - BJB Comparable evidence Cheshire East Council (Tel: 0300 123 5014)
GDV / Rental Value
The estimated GDV for the scheme is £1,200,000 (Approx £110,000 per apartment). Analysis of local comparable rental evidence suggests a gross annual income of £79,200 (£600 pcm per apartment) with a gross yield of 6.6%. further information including comparable evidence is contained in the info pack.
Tenure.
Freehold with vacant possession upon completion.
VAT
All prices quoted by Butters John Bee are exclusive of VAT unless otherwise stated. All interested parties should make their own enquiries to satisfy themselves with the VAT position.
Pre-Auction Offers.
Any pre-Auction offers should be submitted via e-mail to residential-land@bjbmail.com. All offers will be forwarded to the client for consideration, but please be aware that the majority of clients prefer to let the marketing run for a period, prior to giving serious consideration to accepting any pre-Auction offer.
Common Auction Conditions.
This property is sold subject to our Common Auction Conditions (a copy is available on request).
Buyers Admin Fee.
A buyers administration fee of £1,000 plus VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.
Legal Pack.
Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website www.buttersjohnbee.com. Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor's solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.
Addendum.
Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue.
Internet, Telephone and Proxy Bidding
We are pleased to announce that we are now back in the Auction room at the Double Tree Hilton Hotel (Moat House). However, we also have the other bidding options available: On-Line / Telephone / By-Proxy. You will need to register in advance and provide two forms of ID. Register at www.buttersjohnbee.com/auction or contact the Auction Team on 0800 090 2200 or auction@bjbmail.com.
Legal Costs
Please refer to the auction pack in respect of any legal fees or search fees which may be due upon exchange or completion.
Viewings
The site can be inspected from the Public Highway – no appointment is necessary.
All Enquiries
Alex Djukic BSc MSc Land & New Homes Team residential-land@bjbmail.com 01782 211147
Looking for Residential Land?
Please note that not all residential development land will appear on our website. To ensure that you do not miss out on these opportunities please e-mail: residential-land@bjbmail.com or call the Land & New Homes team to discuss your requirements.
Agent Details
Chartered Surveyor