Whitwood Lane, Castleford, WF10 5QD13 Bedroom Detached House
Council Tax
Band: Unknown
Tenure
Unknown
Auction House are delighted to offer both the freehold and the Leasehold interests in this purpose built block of 9 apartments comprising 6 x 2 beds and 3x 1 beds. At present, the apartments are fully let and generating and annual income of £47,340 which has the potential to be increased moving forwards. Based on the quoted guide price this equates to a healthy return of more that 8%.
We have been advised by the seller that there is no gas in the building and each flat has its own electricity meter and is separately rated for council tax. In addition to the freehold, each apartment has already been separated onto a 125 year lease from 2008 with further information available within the legal pack.
The property is located just off junction 31 of the M62 motorway between Normanton and Castleford town centres.
Any interested parties should be aware that apartment 6 (a 2 bed) was sold off on a 125 year lease several years ago and does not form part of the sale.
Auction house have not yet inspected the property internally but hope to add some additional photographs and floorplans soon.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Additional Information
Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 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
Unknown
Key Features
- For sale by auction on the 6th if July 2022
- Guide price £575,000 +
- Freehold and Leasehold Interests on offer
- Purpose built block of 9 apartments
- Currently generating £47,340 pa
- Located in Castleford
Description
Auction House are delighted to offer both the freehold and the Leasehold interests in this purpose built block of 9 apartments comprising 6 x 2 beds and 3x 1 beds. At present, the apartments are fully let and generating and annual income of £47,340 which has the potential to be increased moving forwards. Based on the quoted guide price this equates to a healthy return of more that 8%.
We have been advised by the seller that there is no gas in the building and each flat has its own electricity meter and is separately rated for council tax. In addition to the freehold, each apartment has already been separated onto a 125 year lease from 2008 with further information available within the legal pack.
The property is located just off junction 31 of the M62 motorway between Normanton and Castleford town centres.
Any interested parties should be aware that apartment 6 (a 2 bed) was sold off on a 125 year lease several years ago and does not form part of the sale.
Auction house have not yet inspected the property internally but hope to add some additional photographs and floorplans soon.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Additional Information
Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 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.
