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Cranberry Lane, Alsager

PROPERTY TYPE

Detached

BEDROOMS

8

BATHROOMS

4

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Description

IDEAL INVESTMENT OPPORTUNITY, FURTHER POTENTIAL & FREEHOLD TENURE INCLUDED - A rare opportunity has arisen within Alsager to acquire a purpose built block of 8 apartments situated within a popular residential area, all currently let and producing an income of £39,000 per annum. All of the apartments are currently let with assured shorthold tenancies in place and up-to-date market rents.

The 8 apartments themselves all have an open-plan layout with kitchen area incorporating an oven, hob and extractor, separate shower rooms with tiled wall and flooring, electric heating throughout and double glazing. Two of the ground floor studio apartments also benefit from a conservatory with French doors and pleasant outside patio area. Please see below a list of the apartments and their subsequent market rents:-

83a let at £425.00 pcm
83b let at £400.00 pcm
83c let at £450.00 pcm (new tenancy 30th April 2024)
83d let at £425.00 pcm
83e let at £425.00 pcm
83f let at £400.00 pcm
83g let at £400.00 pcm
83h let at £400.00 pcm

Based on the current asking price of £695,000 the development is current achieving a yield of 5.6%. The average EPC for each flat is either a D or E rating, depending on the date of when the EPC was carried out.

Externally, there is a large car park with ample space for both residents and visitors, in addition to communal gardens. There is further potential to develop the grounds of the site (subject to planning permission) with a variety of options available, we would strongly advise any prospective purchaser to obtain professional advice to appreciate the full potential to the grounds on offer.

For more information and to arrange your site visit, please contact the team here at Stephenson Browne on .

Please note the council tax band for each apartment is A.

Nb: Tenure - We have been advised that the property tenure is freehold, we would advise any potential purchasers to confirm this with a conveyancer prior to exchange of contracts.

Council Tax Band - The council tax band for each apartment is A.

Nb: Copyright - The copyright of all details, photographs and floorplans remain the possession of Stephenson Browne.

Brochures

Cranberry Lane, AlsagerBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Cranberry Lane, Alsager

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About Stephenson Browne Ltd, Alsager

13 Crewe Road, Alsager, ST7 2EW
About Us

Having been in present in Alsager since 1999 Stephenson Browne has built a reputation for one of the towns leading agents. A prominent high street office location with separate dedicated sales and lettings teams specialising in their own field, encompassing a wealth of experience spanning over two decades. Clients will receive a personal service with a high level of support and commitment on offer to meet their requirements and can rely on receiving that extra attention as seen by the large number of highly complimentary client reviews on our web pages and social media channels.

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Disclaimer - Property reference 33174522. 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 Stephenson Browne Ltd, Alsager. 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.

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