£ 3,250,000 Freehold
11,679 sq ft
Overview
A freehold investment opportunity comprising a purpose-built block of 18 self-contained one-bedroom apartments, ancillary accommodation and communal facilities let on a 20 year lease commencing August 2022 at an initial rent of £229,642 subject to annual CPI increase.
The site extends to approximately 0.18 hectares (0.43 acres).
The accommodation extends to approximately 1,085 sq m (11,679 sq ft) GIA.
Features
- Investment opportunity
- Modern, purpose-built three-storey residential building
- Block of 18 no. 1 bedroom apartments
- Let on a 20 year lease commencing August 2022, for use as specialist supporting housing accommodation
- Ancillary staff accommodation and communal facilities
- Occupying an edge-of-town-centre position within an established predominantly residential area
- Convenient access to the town centre and local amenities
- Alsager Health Centre immediately adjacent and Alsager railway station close by
Location
Alsager is an established market town in Cheshire, situated approximately 7 miles west of Crewe and 16 miles south-east of Stoke-on-Trent. The town benefits from good transport connectivity, with Junction 16 of the M6 approximately 3.5 miles to the south-west, providing access to the wider North West and Midlands motorway networks. Alsager railway station is situated opposite the property and provides services to Crewe to the west and Birmingham New Street to the east. Bus services are available from Sandbach Road South, providing connections between Alsager and Leighton, amongst other destinations.
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