Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a freehold asset management and development opportunity situated on a popular, high footfall, street in Crewe.
Arranged as a parade of four ground floor retail units with vacant upper parts, the property has evident asset management potential via letting of the vacant retail unit and a further office to the upper parts with an Estimated Rental Value (ERV) of approx. £70,000.
The upper parts are vacant and benefit from separate access behind the vacant retail unit. We consider the property may be suitable for development/conversion to alternative uses, including residential, subject to obtaining the requisite consents. Indicative plans have been drawn-up for development of the upper parts to provide/add eight apartments (available upon request) and we understand the property has Pre-Application Approval on this basis.
The property occupies a prominent pitch with a frontage to Nantwich Road, a high footfall street characterised by local retail and leisure occupiers. The street also serves as a principal arterial route with Crewe Station 0.5 miles to the east.
Tenure
Freehold
Tenancy
Please see the below tenancy schedule for more information.
Planning
Whilst there are no extant planning consents, the property benefits from pre-application approval for conversion of the upper parts to provide eight apartments. Plans have been drawn up on this basis and are available on request. Any development is still subject to a planning application and approval of any requisite consents.