Property for sale in Edleston Road, Crewe CW2, £350,000

350,000.00

Offer Nr.:
66648104
Type of ad:
for Sale
Property type:
Property
Contact name:
Butters John Bee - Commercial
Phone(s):
01782 933454

* Freehold
* Mult - Let Residential Property
* Producing £43, 200 per annum
* 1 mile from Crewe Town Centre
* Substantial three storey property
* Owned for over 33 years, sale due to retirement
* Comprising of six flats each with their own electric supply
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.

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