When fully let, this mixed use investment generates an income of £14,500 per annum which would equate to a gross return of almost 20% based on the quoted guide price. The seller has advised us that one of the tenants has been in occupation 24 years while the other has been in 6 years. The property comprises a retail unit, residential accommodation above with three rooms and a shared kitchen and bathroom with an advertising hoarding to the side of the building. Please see the rental table for more information. The property is located on a busy road in the town of South Emsall.
Shop with kitchen and WC. Room 1 with kitchenette.
Room 2 - communal kitchen, WC and shower room.
Advertising hoarding to the side and parking to the rear.
Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,080 inc VAT. Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor's solicitor. For more details please see the legal pack.
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Wakefield Metropolitan District Council
Administration Charge - See above
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.