This substantial mixed use property has seen significant financial investment in recent years and is now fully let producing and annual income of £44,460. When based on the quoted guide price that equates to an impressive return of almost 16%! The property currently comprises two ground floor retail units let for £7,000 and £6,000 respectively with the upper floors split into 11 studios, each with its own kitchen, sharing 6 shower rooms between them and let on a new 3 year lease to a housing association for £31,460. The property is located in the heart of Dewsbury town centre and should appeal to any investor looking for an oven ready investment they can drop into their portfolio. Auction House have not yet inspected the property but hope to add photographs and a floor plan soon. 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.
Charges & 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. Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendors 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.
Administration Charge - See above
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.