Auction House are delighted to offer both the freehold and the Leasehold interests in this purpose built block of 9 apartments comprising 6 x 2 beds and 3x 1 beds. At present, the apartments are fully let and generating and annual income of £47,340 which has the potential to be increased moving forwards. Based on the quoted guide price this equates to a healthy return of more that 8%. We have been advised by the seller that there is no gas in the building and each flat has its own electricity meter and is separately rated for council tax. In addition to the freehold, each apartment has already been separated onto a 125 year lease from 2008 with further information available within the legal pack. The property is located just off junction 31 of the M62 motorway between Normanton and Castleford town centres. Any interested parties should be aware that apartment 6 (a 2 bed) was sold off on a 125 year lease several years ago and does not form part of the sale. Auction house have not yet inspected the property internally but hope to add some additional photographs and floorplans 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.

Tenure

Freehold

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.