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"Whitegates in Crewe are pleased to introduce this incredible investment opportunity, that presents a former Rock and Metal club that has been granted planning permission for 13 apartments, one office space, and features five entrances for convenience. Additionally, there is a car park included at the rear of the building. The property boasts a large cellar that can be utilised as extra space, despite not having permission to build due to head height restrictions. It also includes 8 reception rooms, three wash rooms, two shower rooms, two kitchens, a bar, and various other amenities. With its unique history and vast potential, this building is an ideal opportunity for investors looking to capitalise on a versatile property with multiple potential uses. Don t miss out on this chance to turn this former club into a lucrative investment venture, and contact Whitegates today to arrange your viewing!

The rental income potential for this property is impressive, with the 13 one bedroom flats estimated to generate approximately £675 per calendar month each, and the office space projected to bring in around £1,000 per calendar month. This equates to a substantial annual income of £117,300, which over a 10 year period amounts to an impressive £1,173,000. Additionally, the potential sale price for the 13 one bedroom apartments ranges from £75,000 to £85,000 per flat, and the office space is estimated to sell for approximately £175,000 to £225,000, resulting in a minimum total sale price of £1,150,000.

In conclusion, this investment opportunity presents a chance to secure a substantial and consistent rental income, as well as the potential for significant returns through the sale of the developed apartments and office space. With the building s prime location and the added benefit of the car park, this property is a promising prospect for investors seeking a high yield opportunity in the real estate market.

The location offers the convenience of being close to Crewe town centre, schools, other essential amenities and easy access to transport links, including the train station and bus station.

Tenure Freehold
Council Tax Band N A

Thinking about selling your property? For a FREE valuation from one of our local experts, please call or e mail our Whitegates office, and we will be happy to assist you with an award winning service.

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