Carlton Street, Castleford, WF10 1BP0 Bedroom Retail
Council Tax
Band: Unknown
Tenure
Freehold
This substantial commercial premises is sure to appeal to any investors looking for a high yielding addition to their portfolio. Currently let on a 5 year FRI lease to Yorkshire Building Society from the 6th January 2023 and generating £23,000 per annum. This equates to an impressive return of 12% when based on the quoted guide price. The property comprises a ground floor retail premises with offices, kitchen, WC’s and storage rooms to the upper floors.
It is located on Carlton Lane in the pedestrianised heart of Castleford town centre just 0.2 miles from the local train station.
On inspection we noticed some internal cracking on the second floor. Having now made further enquires we have been advised that they were first noticed 24 years ago and neither the seller, their agent or the tenant are aware of any further movement that has taken place since then.
Additional Information
Ground Floor
Retail unit and storage room
First Floor
Office, kitchen, two x WCs and storage room
Second Floor
Storage rooms and two x WCs
Tenure
Freehold
Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 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.
Council Tax
Band: Unknown
Tenure
Freehold
Key Features
- For sale by auction on the 11th September 2024
- Guide price £190,000 +
- Substantial commercial premises
- Set over three floors
- Currently let on a 5 year FRI lease from Jan 2023
- Generating £23,000 per annum
Description
This substantial commercial premises is sure to appeal to any investors looking for a high yielding addition to their portfolio. Currently let on a 5 year FRI lease to Yorkshire Building Society from the 6th January 2023 and generating £23,000 per annum. This equates to an impressive return of 12% when based on the quoted guide price. The property comprises a ground floor retail premises with offices, kitchen, WC’s and storage rooms to the upper floors.
It is located on Carlton Lane in the pedestrianised heart of Castleford town centre just 0.2 miles from the local train station.
On inspection we noticed some internal cracking on the second floor. Having now made further enquires we have been advised that they were first noticed 24 years ago and neither the seller, their agent or the tenant are aware of any further movement that has taken place since then.
Additional Information
Ground Floor
Retail unit and storage room
First Floor
Office, kitchen, two x WCs and storage room
Second Floor
Storage rooms and two x WCs
Tenure
Freehold
Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 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.
