*** GUIDE PRICE 260,000 - 275,000 ***
Hunters are delighted to offer for sale ideal investment property, two storey mixed use property in this prominent position off Bradford Road Batley Carr. The property offers an investor or owner occupier an excellent opportunity to acquire freehold premises in a popular area with excellent links for nearby motorways. The building briefly offers three separate retail/commercial units to the ground floor - One currently in use as Hairdressers and two upper floor flats comprising of 2 bedrooms, bathroom with shower, open plan kitchen/ lounge.(Tenants in situ)
Great potential - Current annual passing rent 15,000 with potential of 26,000 per annum once fully occupied
Batley and Dewsbury are market towns in West Yorkshire, some 9 miles to the south of Leeds, 5 miles north east of Huddersfield, 6 miles west of Wakefield, 4 miles south west of J25 of the M62 motorway and 3 miles west of J40 of the M1.
The building stands just off the busy junction of Hyrstland's Road and Town Street. Located near a mix commercial and residential properties
Town Street is a prime building comprising three retail units at ground floor, The upper floors are currently occupied as residential dwellings.
Three ground floor units
Ground floor unit 7.10m x 4.85m
Ground floor unit two 7.10m x 3.03m
Ground floor unit (Corner) 7.99m x 5.15m
1st Floor Flat
Lounge and Kitchen 7.10m x 4.47m
Bedroom 1 5.16m x 4.04m
Bedroom 2 5.15m x 3.83m
One bedroom flat
Lounge and Kitchenette 4.85m x 3.48m
Bedroom 3.52m x 3.00m
The tenancies are as follows
Hairdressers pay 5400 per annum and has been in the property for 15 years and expressed an interest in extending her lease when it expires in December 2020.
One bedroom Flat gaining an annual rent of 4200.00
Two bedroom Flat gaining an annual rent of 4500.00
Current annual passing rent 15,000 with potential of 26,000 per annum once fully occupied
No parking with the property however the retail units and tenants in the flats above have historically used as parking.
The freehold property is available at a price of 260,000 TO 275,000
We have been advised by the current owners that the rateable value for each unit is 3600.00 individually.
Interested parties are advised to make their own enquiries with the Local Rating Authority to verify the accuracy of the above.
ENERGY PERFORMANCE RATING
Each party to be responsible for their own legal costs incurred in the transaction.
We understand the property is not presently elected for VAT, however the own reserves the right to charge VAT should they choose to do so. All figures quoted are net of VAT