Sure to appeal to the savvy investor, this commercial unit has recently been let on a ten year lease (with a five year break option) at an impressive £20,000 per annum. When based on the quoted guide price this equates a return of almost 12%. According to information taken from the Valuation Office website, the property totals 154 sqm (1,675 sqft) and comprises retail space and public toilets to the ground floor with a kitchen, office, staff room, toilets and plant room to the basement. Virtual freehold with 999 years remaining on lease. Ground rent: Peppercorn. Service Charge: Paid by tenant. The property is located in an established parade in the heart of Batley town centre which itself lies between the cities of Leeds, Bradford and Wakefield. Please note: VAT is payable on the purchase price. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Tenure

Freehold

Basement

Kitchen, office, staff room, toilets and plant room

Ground Floor

Retail area and toilets

Charges and Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT.

Energy Efficiency Rating (EPC)

Current Rating Please refer to the legal pack

Local Authority

Kirklees Council

Additional Fees

Administration Charge - See above

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