Commercial property for sale in Silver Street, Wakefield, West Yorkshire WF1

Mixed use commercial and residential property offered of sale via auction. The property comprises a commercial unit occupying the cellar and ground floor levels, with 3 x one-bedroom apartments located on the first, second and third floors.

All of the above are fully occupied generating a gross rental income of £25,500 per annum reflecting over a 12% gross yield based on the guide price. This would be a great addition to an investment portfolio.

The property is situated on a mixed-use road close to local shops and amenities. Transport links are provided by Wakefield Westgate rail station.

Please note that Auction House has been unable to inspect the cellar.

A 21 day completion applies to this lot.

Accommodation

Lower Ground Floor

Cellar

Ground Floor

Shop floor, utility area, toilet and external bin store

First Floor

One bedroom apartment comprising lounge/kitchen, bedroom and shower room.

Second Floor

One bedroom apartment comprising lounge/kitchen, bedroom and shower room.

Third Floor

One bedroom apartment comprising lounge/kitchen, bedroom and shower room.

Additional Information

Council Tax

Wakefield City Council

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.