COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 31 August 2022

2-4 Albion Street, Castleford, West Yorkshire, WF10 1EW

*Guide | £260,000+ (plus fees)

  • Land

Call the team on 0113 393 3482 for more information

Auction Date

Wed 31/08/2022

Auction Time

12:00

Auction Venue

Live Stream Auction

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.

Additional Information

Tenure:

Freehold

Disclaimer:

Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.

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.