Block of Apartments
An opportunity to acquire an imposing freehold block of six apartments in Wakefield city centre.
These comprise of 5 x 1 bedroom and 1 x 2 bedroom units. Five of the apartments are let and a tenant has been sourced for the only vacant apartment, which will take the total income of the block to £42,780 per annum. This equates to a return of 11.4% based on the guide price, which is considerably higher than average for a city centre development and there is potential scope to increase rents on some units.
Each apartment has a modern living kitchen, bedroom(s), shower room and blends modern décor with the age, and character, of the building.
Standard brick
Standard - 21 mbps and Ultrafast - 1000 mbps available
O2, EE, Three and Vodafone available
Some images have been taken by the letting agents when the flats were previously vacant. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Subject to tenancy.
- Heating Supply: Electric
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.8% of the purchase price inc VAT.
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
