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Semi-detached house for sale
Gatefield Street, Crewe, Cheshire, CW1
£450,000
Gatefield Street, Crewe, Cheshire, CW1
£450,000
Our Summary
- 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
- 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
- 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
Description
This former Rock and Metal club in Crewe has been granted planning permission to be converted into 13 apartments, one office space, and features five entrances for convenience. The property also includes a car park, large cellar, and various amenities such as reception rooms, washrooms, shower rooms, kitchens, and a bar. With its unique history and vast potential, this building presents an ideal opportunity for investors looking to capitalize on a versatile property with multiple potential uses. The estimated rental income potential is impressive, with the 13 one-bedroom flats generating approximately £675 per calendar month each, and the office space projected to bring in around £1,000 per month. Additionally, the potential sale price for the apartments and office space is substantial, making this investment opportunity a promising prospect for investors seeking a high-yield opportunity in the real estate market.