Freehold Retail and Residential Investment Producing £25,550 Per Annum

Freehold Retail and Residential Investment Producing £25,550 Per Annum. Situated within the centre of the main retailing area of Linthwaite village and occupying a prominent main road position on the main Huddersfield to Oldham Road (A62) this will be the perfect addition to an investment portfolio. Formerly a Co-operative Convenience Store, with substantial accommodation over three floors, the property has been subdivided creating a Fish and Chip Takeaway to the Ground Floor and Basement with the First Floor converted into two self contained apartments. We understand that the vendor has consented to the sub-letting of the basement. To the rear is a yard which provides car parking. The entire property is fully let producing £25,550pa. See legal pack for copy leases.

Tenure

See legal pack

Description & Tenancies

Ground Floor & Basement

Comprising Extensive Retail Areas, Staff & Customer WC’s and Lower ground floor loading and storage areas. Currently Let to two individuals at a rental of £15,000pa.

First Floor

Apartment One comprising, Hall, Lounge, Kitchen, 3 Bedrooms & Bathroom Let under the terms of an AST at a rental of £6,000pa. Apartment Two comprising, Hall, Lounge, Kitchen, Bedroom & Bathroom Let under the terms of an AST at a rental of £4,550pa.

Outside

There is a yard to the rear which allows access to the lower ground floor and provides space for staff parking.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Kirklees Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1200 inc VAT.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.