Gatefield Street, Crewe, Cheshire, CW1 Land for sale

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Gatefield Street, Crewe, Cheshire, CW1 Land for sale

Gatefield Street, Crewe, Cheshire, CW1
£350,000

Price History

Initial price £450,000
06/11/24 £400,000
13/12/24 £350,000
Price Change -22.22%

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 8 reception rooms, three wash rooms, two shower rooms, two kitchens, and a bar. With its unique history and vast potential, this building is an ideal opportunity for investors looking to capitalize on a versatile property with multiple potential uses. The rental income potential is impressive, with the 13 one-bedroom flats estimated to generate £675 per calendar month each, and the office space projected to bring in £1,000 per month. The property also has the potential for significant returns through the sale of the developed apartments and office space, making it a promising prospect for investors seeking a high-yield opportunity in the real estate market.