A Substantial Detached Building Arranged to Provide Twelve Apartments (8 x One Beds, 3 x Two Beds, 1 x Four Beds) Producing a Combined Income of £102,480 Per Annum. Potential for Further Development (Subject to Obtaining all Relevant Consents)

The property comprises a substantial detached building arranged to provide twelve apartments situated on the lower ground, ground and two upper floors.

Tenure

Freehold

Location

The property is situated on a residential road close to local shops and amenities in this historic market town. The council has received a £23.9m Town Deal from the Governments for town regeneration. Transport links are provided by Castleford rail station and the property is well positioned near the M62 motorway, with easy access to Leeds with just a 20-minute drive

Planning

Plans have been drawn up by the last architects for the erection of a further 8 apartments. No planning application has been submitted for this scheme. Drawings of the proposed plans are available for inspection upon request. Auction House London make no representations or warranties with regard to this scheme and/or the validity of the aforementioned plans. Buyers must rely on their own enquiries with regard to any development potential, permissions required and any previous planning history in respect of this site.

The Seller believes that non-residential stamp duty will apply to this transaction as it's 6 or more residential properties sold in the same transaction as per HMRC website (Buyers to rely on their own enquires): https://www.gov.uk/stamp-duty-land-tax/nonresidential-and-mixed-rates

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.