Commercial property for sale in Highfield Road, Hemsworth, Pontefract WF9
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Property features
- To be offered on Tuesday 3 September
- Freehold Vacant Former Pub
- Site Area 0.51 acres (0.205 hectares)
- Three Bedroom Flat to First Floor
- Development Potential (subject to planning)
- Established Residential Area
- Offer for Letting Received from One-Stop
- Proposed Lease at £30,000 per annum for a 15 Year Term
- Potential to Create High Yielding Investment
Property description
Strapline
Auction Sale - 03/09/2024
Freehold Vacant Former Pub with Asset Management and Development Potential (subject to obtaining the requisite consents)
Offer Received from One-Stop for Letting of the Ground Floor at £30,000 per annum for a 15 Year Term
Description
The property comprises a freehold former pub situated on a large site and with potential for asset management or redevelopment (subject to obtaining the requisite consents).
The property is currently arranged as a public house with a first floor, three bedroom, managers flat and occupies a large site of 0.51 acres (0.205 hectares).
The property could be suitable for redevelopment to provide alternative uses, including residential, subject to obtaining the requisite consents.
Furthermore, the property presents an opportunity to create a mixed use investment, and we understand an offer has been received from One-Stop, requesting a lease for a term of 15 years at a rent of £30,000 per annum on the basis that an occupiable unit is delivered.
The property is located in an established residential area, and therefore other potential schemes could include residential development or development of complimentary commercial uses such as a convenience store or supermarket.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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