Originally two terraced houses, this building was divided into flats many years ago and has been owned by the same owner for the past fourteen years. The accommodation comprises 1 x 2 bedroom flat, 2 x 1 bedroom flats and a large studio. Currently fully let, the property generates an income of £18,920 per annum which equates to a healthy return of more than 13% based on the guide price. Each of the flats has its own electricity supply and there's an integrated fire alarm system connecting all flats. Recent upgrades to each flat include Economy 7 heaters, internal wall insulation, Loft insulation and new double glazing. These ensure an EPC rating of C, meaning they will be unaffected by the scheduled changes in Energy standards due in 2025. Buyers may be able to add an extra bedroom to Flat 74B which could increase income further. Architects drawings, included in the legal pack, propose the loft could hold a further two flats but the necessary consents would be required. 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

Flat 74 B: Studio flat and Shower room. Flat 74: Livingroom, Bedroom, Kitchen and shower room.

First Floor

Flat 74 C: Livingroom, Kitchen, Bedroom and shower room Flat 74 A: Livingroom, Kitchen, Two bedrooms and a 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.