9 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- Detached Mixed Use Property
- Planning under application 16/3758C for extending
- EPC Rating: E
- Huge potential
An opportunity to acquire a partially developed mixed use site on the edge of Sandbach . The current site comprises a successful retail unit most recently operating as a takeaway, with two residential apartments to the rear. The site has planning approved for more than doubling the existing building to just under 4,000 square feet and providing an additional retail unit together with four further residential apartments.
Planning and building regulations approval has been granted under application 16/3758C and initial works prepared to ground level with footings and services in place to allow for the successful buyer to complete the development with minimal additional spend. Once complete the development is forecast to achieve a £60,000 per annum rental yield.The building may suit additional uses including a larger block of apartments subject to appropriate planning consents.
The site occupies a tremendous location with Ettiley Heath residential developments to one side and a large business park to the front generating significant retail demand with limited nearby competition. The site is within walking distance of Sandbach rail station and just a few minutes drive from Crewe rail station and connections to the high speed network serving Manchester and London.
EPC rating: E. Tenure: Freehold,
Rooms
Existing retail unit Not provided
Retail unit Currently vacant but fully equipped as a takeaway, retail unit to the front with kitchen behind and store to the side. Approximately 565 square feet, CEPC Rating C. Has been operated until recently as a successful fish and chip shop and sandwich bar with extended opening hours from 7am to 12 midnight catering for the business park during the day and residential area during the evening.
Existing apartments Not provided
Ground floor apartment Approximately 600 square feet briefly comprising kitchen, lounge, bedroom and bathroom. Currently let under an Assured Shorthold Tenancy. EPC rating E. First floor maisonette apartment Approximately 650 square feet briefly comprising kitchen, lounge, two bedrooms and bathroom. Currently let under an Assured Shorthold Tenancy. EPC rating E.
Proposed development Not provided
Plans approved for the building to be mirrored to one side and the rear to be extended over the existing ground floor plan. Preparatory work to the ground floor has been completed, allowing for swift development. Retail unit Second retail unit of approximately 500 square feet suitable for convenience, hair salon or takeway, comprising retail floor to front and store with WC to the back.
Proposed apartments Not provided
Ground floor Two one bedroom apartments each approximately 360 square feet and comprising lounge/kitchen, bedroom and bathroom. First Floor Two apartments, one bedroom and two bedroom respectively at approximately 470 and 520 square feet. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding
Important Notice Not provided
1. These particulars have been prepared in good faith as a general guide, they are not exhaustive and include information provided to us by other parties including the seller, not all of which will have been verified by us. They do not form part of any offer or contract and should not be relied upon as statements of fact. 2. We have not carried out a detailed or structural survey; we have not tested any services, appliances or fittings and we have not verified all statutory approvals or consents. Measurements, floor plans, orientation and distances are given as approximate only and should not be relied on. 3. The photographs are not necessarily comprehensive or current, aspects may have changed since the photographs were taken. No assumption should be made that any contents are included in the sale. 4. Prospective purchasers should satisfy themselves by inspection, searches, enquiries, surveys, and professional advice about all relevant aspects of the property
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