A rare opportunity to acquire a freehold block of apartments in the Wakefield city centre. There are 5 x 1 bedroom apartments and 1 x 2 bedroom apartment. Currently fully let, the block is generating an income of £33,960 per annum. This equates to a return of 10% based on the guide price which is extremely rare for a city centre development. Each apartment has a modern living kitchen, bedroom(s), shower room and blends modern décor with the age and character of the building. Auction House have inspected four of the six apartments. Any images showing empty apartments have been provided by the seller. 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

Ground Floor

17-19 Flat 3: Lounge, dining kitchen, hall, bedroom and bathroom. 21 - Flat 1: Living bedroom, kitchen area, shower room. Lobby and storage room

First Floor

17-19 Flat 1: Living kitchen, bedroom and shower room. 21 - Flat 2: Living kitchen, bedroom and shower room.

Second Floor

17-19 Flat 2: Living kitchen, two bedrooms and shower room. 21 - Flat 3: Living kitchen, bedroom and shower room.

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.

Local Authority

Wakefield Metropolitan District 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.