For Sale By Auction | 14:00, 04 September 2019 | Lot 21

5 Kensington Street, Bradford, West Yorkshire, BD8 9LZ

*Guide | £75,000 + (plus fees)

  • Mixed Use
  • 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 mixed use investment currently comprises a self-contained retail unit to the front with spacious three bedroom residential accommodation to the rear and upper floors. At present, the property's total annual income is £10,140 meaning a return of more than 13% based on the quoted guide price. The property is located just off Thornton Road with a range of shops and amenities right on the doorstep. Interested parties should be aware than number 3 next door is also available to purchase in the auction.

Tenure

Freehold

Ground Floor

Retail premises and dining kitchen

First Floor

Two bedrooms, bathroom and a further room

Second Floor

One bedroom and additional room

Externally

Yard to the rear

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.

Guide Price

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.

Energy Efficiency Rating (EPC)

Current Rating Please refer to the legal pack

Local Authority

Bradford 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.