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. The property will be sold as seen with all contents, fixtures and fittings included.
Charges and Payments
In addition to the deposit Administration Charge: 0.6% inc VAT of the purchase price subject to a minimum of £900 inc VAT. Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor's solicitor. For more details please see the legal pack.
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Wakefield Metropolitan District Council
Administration Charge - See above
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.