FOR SALE BY ONLINE AUCTION WEDNESDAY 26TH OF MARCH 2025 AT 9AM - ***VERSATILE FREEHOLD PROPERTY OFFERING BOTH COMMERCIAL AND RESIDENTIAL PROSPECTS***SITUATED IN A WELL ESTABLISHED BUSY RESIDENTIAL AREA OF CREWE***PREVIOUSLY OPERATING AS A TAKEAWAY, THE PROPERTY IS NOW AVAILABLE WITH FULL VACANT POSSESSION, OPENING AVENUES FOR VARIOUS INVESTMENT STRATEGIES***
***Presenting a versatile freehold property offering both commercial and residential prospects, situated in a well-established residential area of Crewe. This two-storey building comprises a ground-floor retail unit and a first-floor one-bedroom flat, accessible through the retail space. Previously operating as a takeaway, the property is now available with full vacant possession, opening avenues for various investment strategies***
***Key Features***
*Dual-Use Configuration* - Ground-floor retail unit suitable for various businesses, complemented by a one-bedroom flat on the upper floor.
*Development Potential* - Opportunity to convert the ground floor into an additional residential unit or repurpose the entire building into a single dwelling, subject to necessary consents.
*Prime Location* - Nestled in a predominantly residential neighbourhood, the property stands as one of the few retail amenities in the vicinity, surrounded by a mix of terraced houses and flats.
*ESTIMATED MARKET RENTAL VALUE OF £1,000 PCM (£12,000 PER ANNUM), OFFERING A YIELD OF 16% BASED ON GUIDE PRICE*
***RECENT RESIDENTIAL NEARBY PROPERTY SALES***
- 37 Hungerford Road, Monks Coppenhall, Crewe, Cheshire East, CW1 5EQ - 2 bedroom - SOLD Dec'24 -£148,500
- Apartment 3, Points House, Dale Way, Crewe, Cheshire East, CW1 3GT - 2 bedroom - SOLD Dec'24 - £117,145
- 7 Tolitt Street, Crewe, Cheshire East, CW1 8LD - 2 bedroom - SOLD Dec'24 - £117,000
*Accessibility*: Approximately 1.7 miles from Crewe Station, with easy access to local amenities and services. Crewe is a railway town and civil parish in the unitary authority of Cheshire East in Cheshire, England. Crewe has a population of some 55,300. The area is primarily residential, with local amenities and services nearby.
***TRANSPORT***
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. It has 12 platforms in use. Crewe is on the A500, A530 and A534 roads; it is located less than 5 miles (8 km) from the M6 motorway. Bus services in Crewe are operated predominantly by D&G Bus; their routes link the town with Congleton (route 42), Leighton Hospital (12), Macclesfield (38), Nantwich (84X) and Northwich (31/37). Stagecoach Merseyside & South Lancashire runs route 84 to Chester and First Potteries operate a single service (route 3) running to Stoke-on-Trent, via Kidsgrove. The closest airport to Crewe is Manchester Airport, which is 30 miles (48 km) away; Liverpool John Lennon Airport is 40 miles (64 km) away.
***EDUCATION*** - Crewe is serviced by a large number of primary and secondary schools.
***Crewe has many amenities, including cultural attractions, parks, and a theatre:
Crewe Heritage Centre - A cultural and recreational attraction that offers a unique living experience
Lyceum Theatre - An Edwardian theatre that hosts top performances and dining
Parks - Queens Park: A 45-acre Victorian park with gardens, a boating lake, and a children's play area
Other amenities:
- Scenic countryside: Crewe's scenic countryside offers a unique living experience
- Cafes: Crewe has charming cafes
- Play areas: Crewe has vibrant play areas
GUIDE PRICE - £75,000
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Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
VERSATILE FREEHOLD PROPERTY OFFERING BOTH COMMERCIAL AND RESIDENTIAL PROSPECTS
SITUATED IN A WELL ESTABLISHED RESIDENTIAL AREA OF CREWE WITH HIGH POTENTIAL YIELD OF 16% (BASED ON GUIDE PRICE)
PREVIOUSLY OPERATING AS A TAKEAWAY, THE PROPERTY IS NOW AVAILABLE WITH FULL VACANT POSSESSION, OPENING AVENUES FOR VARIOUS INVESTMENT STRATEGIES
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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