This substantial former cinema and nightclub now offers investors and developers and exciting project in the heart of Castleford town centre. The property was granted planning permission, in 2020, for four commercial units and twenty self-contained apartments. Further information including the proposed floorplans can be found in the legal pack and the Wakefield planning portal by searching reference number 19/00311/S7301. The completed development is predicted to command a combined annual rental return of around £160,000 although buyers are advised to do their own research in this regard prior to bidding. The list of works already carried out are extensive with some, more recent works including but not limited to three new structural openings, drainage designs and a Site Investigation Phase 2. 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: 1.2% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.

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.