Commercial property for sale in Edleston Road, Crewe CW2

An exciting opportunity to acquire a multi-let residential property in the heart of Crewe producing £43,200 per annum from six flats arranged over three floors. Held by our client for over 33 years, this extraordinarily high yielding property is now for sale due to retirement. 168 Edleston Road is situated on a busy thoroughfare to Crewe Town Centre with a range of shops and amenities close by.

Description

A three storey property of brick construction under a series of pitched clay tile roofs. The premises have a central hallway off which is a stair case to the upper floors, ground floor flats and a shared laundry room to the rear. The property is fully let, producing £43,200 per annum - a schedule of rental income is noted below 'Tenure' within these particulars.

Location

The property is located on the corner of Edleston Road and Lawton Street approximately 1 mile from the centre of Crewe. There is a public car park opposite and on-street parking available to the side. Sat Nav users should use post code CW2 7EZ.

Accommodation

The property is configured over three floors and comprises:

Flat 1,1 bed
Flat 2A studio
Flat 2,1 bed
Flat 3 2 bed
Flat 4 3bed
Flat 5 2 bed
Flat 6 2 bed

There is a shared laundry room on the ground floor and we have been advised that all flats have their own electricity supply.

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.

Services

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

Rating

According to: All flats are listed as being Council Tax band A.

Bjb recommends interested parties make their own enquiries into rates payable or any further business relief which may be available.

Tenure - Freehold

Freehold subject to the below tenancies:

Flat 1,1 bed - £450.00 pcm
Flat 2A studio - £450.00 pcm
Flat 2,1 bed - £400.00 pcm
Flat 3 2 bed - £550.00 pcm
Flat 4 3bed - £650.00 pcm
Flat 5 2 bed - £550.00 pcm
Flat 6 2 bed - £550.00 pcm

Total annual income £43,200.00

A copy of the tenancies are available for bona fide interested parties to view following acceptance of an offer (Subject to Contract).

Legal Costs - Sale

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

Epcs

We have been advised that EPCs are available for each flat and can be found on:

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. Where a property is due to go to auction, all bidders will be required to register prior to auction.

Vat

We have been advised Vat is not applicable to this property.

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.