2 & 4 Cross Street, Congleton, CW12 1HQ
£110.32 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,443 sq ft
227 sq m
- SECTOR
Land for sale
Key features
- C3/HMO residential conversion opportunity
- Full planning consent granted 12/02/2021
- Development to provide 2 x co-living homes
- Provision of 9 x co-living units (HMO)
- Sales & investment comparables available
- Profit & Cost summary/Build Costs available
- Build cost estimated at £287k - 6 month build
- Estimated investment value: £720,000
Description
The properties include 2 and 4 Cross Street which benefits from full planning consent granted for redevelopment to provide one 3 bedroom dwelling and one 4 bedroom dwelling with the opportunity to further redevelop the properties to provide an overall 9 unit co-living HMO investment opportunity. The vendor has available profit & cost summaries, projected build costs and has undertaken comparable due diligence to support the asking price.
EXPERIENCED VENDOR DEVELOPER CAN PROVIDE: PROJECT MANAGEMENT SERVICE, DEBT FUNDING SERVICE & PROPERTY MANAGEMENT SERVICE.
Planning documents available include:
- Decision notice.
- Artists elevation drawings.
- Highways report.
- Bat survey.
- Heritage statement.
Planning documents available include:
- Design & access statement.
- Structural Report.
- Existing/proposed floor plans.
- Transport report.
- Site plan/location plan.
Documents also available:
- Schedule of Works.
- Full development costings.
- QS Costings.
- GeoEnvironmental desk study.
- Profit & Cost Summary.
Location
The property is located fronting Cross Street in the centre of Congleton a short walk from Bridestone Shopping Centre including Morrisons superstore.
- Stockport: 22 miles.
- Macclesfield: 9 miles.
- M60: 22 miles
Planning
The property benefits from full planning consent granted 12/02/2021 - Planning Application Number: 20/1934C for the refurbishment of existing dwellings at 2-4 Cross Street (including rear dormers) to provide one 3 bed dwelling and one 4 bedroom dwelling with the potential to convert to a 9 bedroom co-living HMO.
Tenure
We understand that the property is Freehold.
Title Number: TBC.
Price/VAT
Offers over £269,500 SUBJECT TO CONTRACT.
We understand that VAT is not payable on the sale
Legal/Conditions
Subject to Contract.
Auction reserve price £296,000.
Bank Commercial valuation available upon request.
Accommodation
The property will provide approx 2,443 Gross floor area once the development is completed:
3 bed House/Potential 4 bed co-living HMO:
Ground floor: 44.5 Sq.m/478 Sq.ft.
First floor: 49.5 Sq.m/533 Sq.ft.
Second floor: 16 Sq.m/173 Sq.ft.
4 bed House/Potential 5 bed co-living HMO:
Ground floor: 49 Sq.m/527 Sq.ft.
First floor: 49 Sq.m/527 Sq.ft.
Second floor: 19 Sq.m/205 Sq.ft
Brochures
2 & 4 Cross Street, Congleton, CW12 1HQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Congleton Station1.0 miles
- Alsager Station6.1 miles
- Goostrey Station6.1 miles
About MBRE, Stockport
Regent House, 8th Floor, Heaton Lane, Stockport, SK4 1BS
Notes
Disclaimer - Property reference 118947-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by MBRE, Stockport. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call MBRE, Stockport on 0161 524 0276.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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