Sold Prior | Lot 6

63 Westgate End, WF2 9RL

Sold Prior

  • Retail Property (high street)
  • Tenure: Freehold

Call the team on 0113 393 3482 for more information

Auction Date

Wed 04/09/2019

Auction Time

14:00

Auction Venue

Norman Hunter Banqueting Suite Elland Road Stadium, Leeds, LS11 0ES

This prominent retail unit has been let to the same tenants for over thirty years and used as tile shop since the building was built. The current FRI lease runs until May 2021 with a passing rent of £9,500 per annum. Based on the quoted guide this equates to a return of 12.6%! The property occupies a prominent position on a busy main road and is less than half a mile from Wakefield city centre.

Tenure

Freehold

Ground Floor

Showroom, office and WC.

First Floor

Showroom.

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.

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.