This three storey split level building is to be sold by public auction and is one for the builder/developer/investor.It has the benefit of planning for 8 apartments and having been knocked back to brick and ready for internal construction.
A stones throw from the town centre and a rather attractive building.
Before buying at Auction, it is essential that you read our Notice to Prospective Buyers and the Common Auction Conditions.
You must not bid unless you have made yourself fully aware of the auction process. If you require help with this, please contact a member of the auction team.
Overview
Historically the building was used by an accountancy practice. Built around 1880 the building is of traditional brick construction under a pitched slate roof. It is located in the Bewsey & Whitecross area of Warrington.
It comes with parking for around 6 vehicles to the rear. NIA is circa 4,600 SQFT (430 SQM).
Planning has been granted for 8 self contained apartments (five x 1 bedroom and three x 2 bedroom)
Location
It is a short stroll from Bank Quay Station with direct connections to London Euston and Glasgow and also the cultural quarter.
Situated within 3 miles of the M56 and M6 motorways and easily commutable. The town centre offers many bars, restaurants, shops and cinema close by.
Planning
Any parties who are interested are advised to make their own enquiries directly to the local council at Warrington Council, Butter Market Street, 01925 442819 email: [email protected] quoting reference 2017/30719
Notes
Any plans or drawings are for purpose of illustration and identification only. EPC exempt as being sold as development site.
Please refer to the online legal pack for planning documentation and title plans etc.
Resale Values
One bedroom flats are marketed over £95,000 and two bedroom flats over £115,000 the GDV is expected to be circa £850,000.
Rental Values
Expected rental values are expected to be circa £575 to £650 PCM for one and two bedroom apartments respectively. The % return is therefore circa 6.8% as a gross minimum
Who, When, Where?
Edward Mellor Auction
February 5th 2019
THE BRAND NEW VENUE AT
The Sheridan Suite, 371 Oldham Rd, Manchester M40 8RR
Important Notice
Before buying at Auction, it is essential that you read our Notices to Prospective Buyers and the Common Auction Conditions. These can be found on our website https://edwardmellor.co.uk/auctions/buying-at-auction
You must not bid unless you have made yourself fully aware of the auction process.
If you require help with this, please contact a member of the auction team.
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65-81 St Petersgate
Stockport
Cheshire
SK1 1DS
