£785,000
Luxury hub
Congleton, CW12 1HQ
Property key facts
Bedrooms
8Bathrooms
8Internal area
—Property type
HouseYear built
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Key facts
- ** Annual Income of £76,440 per annum **
- Annual income of £76,440 per annum, providing an immediate income-producing investment from completion.
- Fully let freehold supported living investment comprising two adjoining properties sold as one lot with the benefit of the existing occupational lease.
- Let to Bedspace Resource Ltd on a 10-year lease from 8 November 2024, offering longer-term income visibility for investors.
- No break clause and fixed annual rent uplifts, creating a stepped income profile and attractive long-term investment appeal.
- Recently refurbished accommodation with 8 en-suite rooms across two four-bedroom properties, designed for supported living use.
- Approximate total accommodation of 222.00 sq m / 2,368 sq ft.
- Central Congleton town centre location, close to amenities and transport links.
- Sold by Modern Method of Auction, Subject to Reserve Price, and Buyer Fees Apply.
Property description
Additional text is available below.
2 & 4 Cross Street is a freehold investment comprising two adjoining terraced buildings that have been recently refurbished to a high standard. The properties are arranged over three floors and configured as two 4-bedroom Houses in Multiple Occupation (HMO), offering a total of 8 letting rooms, all with en-suite shower rooms.
The investment is fully let to Bedspace Resource Ltd on a 10-year lease which commenced on 8 November 2024. The initial rent is £76,440 per annum, and the lease agreement includes fixed annual rental increases of 3%.
Refurbishment works include the installation of uPVC double glazing, LED lighting, infrared electric heating panels, and a comprehensive fire alarm system.
The total internal area is approximately 222 sq m (2,368 sq ft). Each house includes shared kitchen and lounge facilities, with some bedrooms also featuring individual kitchenettes. Externally, both properties have small rear yards.
Brochures
No information available. Please contact the agent for details.
Property Location
Congleton, CW12 1HQ
Nearest stations
Nearest schools
Utility supply
Electricity
—Water
—Heating
—Sewerage
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