Studio flat for sale

TO BE SOLD VIA ONLINE AUCTION ON 10TH SEPTEMBER 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS133–135 Bridge Street, Bewsey and Whitecross, Warrington, WA1 2HSA rare opportunity to acquire a substantial mixed-use commercial property in Warrington town centre, offered with full planning permission and refurbishment works already underway.Planning has been granted under Application Reference 2024/01085/FUL for the conversion of the upper floors into a 6-bedroom, 6-bathroom HMO, along with a double-fronted ground-floor commercial units. The proposal includes demolition of the rear outrigger, associated alterations, and provision for bin and bike storage.Works Completed to Date:First fix electrics and plumbing installed (commercial and HMO floors)Plastering complete on the 2nd floor and 1st floor kitchen/dining area80% of 1st floor boarding completedShopfront installation in progress (deposit paid, awaiting installation date)Building Control reports are available on requestInvestment Potential:The property offers an excellent value-add opportunity with a projected gross rental income of £50,040 per annum, based on £695 per room across the six en-suite HMO rooms. The estimated Gross Development Value (GDV) stands at £520,360, comprising approximately £450,360 for the HMO and £75,000 for the commercial unit.
Bridge Street is located in the heart of Warrington town centre, an area benefiting from strong rental demand and excellent transport connectivity. The property is within walking distance of Warrington Central and Warrington Bank Quay train stations, offering direct links to Manchester, Liverpool, and beyond. The area continues to benefit from regeneration and offers a wide range of local amenities, including shops, cafes, and leisure facilities, making it a highly convenient and appealing location for both residential and commercial tenants.Please note: The neighbouring property is also available in the same auction, offering the potential to acquire a larger, adjoining site.Works Completed to Date: