This substantial former cinema and nightclub now offers investors and developers and exciting project in the heart of Castleford town centre. The property has recently been granted planning permission for four commercial units and twenty self-contained apartments. Further information including the proposed floorplans can be found in the legal pack and also the Wakefield planning portal by searching reference number 19/00311/FUL. The completed development is predicted to command a combined annual rental return of £158,500 although buyers are advised to do their own research in this regard prior to bidding. As well as obtaining the planning permission, the current owners have carried our numerous works on the property including but not limited to installation of an electrical supply capable of powering the proposed scheme, removal of asbestos, internal strip-out taking the building back to shell, and the clearance and securing of the external grounds. The property is located in central Castleford just 0.2 miles from the train station and 2.4 miles from the M62 motorway. 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
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.