FOR SALE BY AUCTION on September 21, 2023 – Lot 20

Looking for a commercial property investment which provides both an existing income plus potential to develop? Greyhound Court in Madeley, Crewe, Cheshire could very well be the one for you.

Property Highlights

  • Six Retail Units
  • Eighteen Residential Flats
  • Eleven Garages

Commercial Premises:

Retail tenants include Madeley Convenience Store, a Dentist, a Barbers, a Hairdressers, and a Chinese Takeaway. With commercial leases extending from 2025 to 2038, current rental income of £35,450 with scope to increase with stepped rent to take effect in June 2024 and a vacant unit to available to let.

Residential Potential:

Six flats are let on ASTs with two garages currently occupied producing £29,812 p.a. and there’s ample opportunity to boost income by leasing the remaining Twelve dwellings and six garages.

Location:

Greyhound Court is well located and surrounded by businesses like One Stop Convenience Store, Nisa Local, and independent restaurants and cafés.

Current Rental Income: £65,262 per annum exclusive with growth potential.

Don’t miss this chance to make an astute investment. Join us for the live-streamed auction on September 21, 2023.

For more details, visit here.