Freehold mixed-use building with vacant possession
Full planning for 6-bed, 6-bath HMO (App. Ref. 2024/01085/FUL)
Ground-floor double-fronted commercial unit (61 m²)
Projected gross rental income £50,040pa (approx. £695 per room)
Works started: first-fix electrics/plumbing, plastering, shopfront deposit paid
Requires completion of renovation and demolition of rear outrigger
Area: town centre — excellent transport links but very high crime
Sold via online auction — purchase subject to auction terms
This freehold mixed-use building on Bridge Street offers a clear value-add for investors. Full planning permission is granted for conversion of the upper floors into a six-bedroom, six-bathroom HMO (App. Ref. 2024/01085/FUL), and a double-fronted ground-floor commercial unit provides immediate rental diversification. The property is being sold by online auction with vacant possession and is already at first-fix stage in places, reducing early-stage contractor time.
Practical progress is on site: first-fix electrics and plumbing are installed for commercial and residential floors, plastering is complete on key areas, and shopfront installation is underway (deposit paid). Projected gross rental income is estimated at £50,040 per annum (approx. £695 per room), with an estimated Gross Development Value around £520,360. Building Control reports are available on request to support the current work stage.
Listen to the location strengths and constraints. The building sits in Warrington town centre within walking distance of Warrington Central and Bank Quay stations, an area with strong rental demand and fast broadband/mobile connectivity. However, the immediate area scores high for crime and is classed as very deprived; buyers should weigh yield against potential management and void risks. The property requires completion of renovation works and removal of the rear outrigger as permitted in the planning consent.
This lot is best suited to experienced buy-to-let investors or local developers comfortable finishing a refurbishment in a challenging urban area. The auction timetable and full planning permission make this an efficient route to scaleable rental income, but budget accordingly for fit-out completion, external works, and active tenant/estate management in a high-crime, high-demand central location.
