Land for sale

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Land for sale

Gatefield Street, Crewe, Cheshire, CW1
£400,000

Price History

Initial price £450,000
06/11/24 £400,000
Price Change -11.11%

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 reception rooms, washrooms, 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 approximately £117,300 per year, and the office space projected to bring in around £12,000 per year. Additionally, the potential sale price for the apartments and office space is substantial, ranging from £1,150,000 to £1,173,000. With its prime location, convenience, and added benefits, this property is a promising prospect for investors seeking a high-yield opportunity in the real estate market.