*** Addendum ***
Ground Rent: The yearly rent of £700 per annum and thereafter the rent calculated in accordance with clause 6 of the lease. We have received advise from the sellers solicitors that the annual service charge is £1896.03 per annum
FOR SALE BY UNCONDITIONAL ONLINE AUCTION! (IMMEDIATE EXCHANGE)
This property will be offered for sale by auction opening 31 October 2023 with a *guide price of £12,000 - £22,000 (plus fees). To register to bid: auctionhouse.co.uk/lincolnshire
Description
Situation:
The property is situate in Micklegate House, Horsefair in the heart of Pontefract, within close proximity to the wealth of local amenitites and facilities, including train station, and cafes, pubs, bars and eateries. The major arterial roads including the A1 are within easy reach for access to the Cities of Leeds, Doncaster and Sheffield.
Description:
A wonderful opportunity to purchase this ready to go investment opportunity, currently let at £425 per calendar month (£5100 per annum) and generating significant yield. The property is believed to comprise:
Accommodation:
Open Plan Kitchen / Living Area
Bedroom
Bathroom
Material Information
Tenure:
The property is believed to be leasehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.
Council Tax:
We have been advised that the property falls within Wakefield Council – BAND A
Possession:
Subject to existing tenancy agreement.
Viewing:
Strictly by appointment with Auction House.
Services:
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Council Tax Band
A
Lease Start Date
01/01/2016
Lease Duration
125 years (117 years unexpired)
Annual Ground Rent
£700 - reviewed every 5 years
Annual Service Charge
£1,896
EPC Rating
C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
Non-refundable £1,800 inc VAT payable on the fall of the virtual gavel.
Administration Charge
Non-refundable £1,800 inc VAT payable on the fall of the virtual gavel.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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- 1 Bedroom
- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
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