Flats 1-6, The Club, Main Street, East Ardsley, Wakefield WF3 2AT

A rare opportunity to own a freehold block of apartments in East Ardsley, WF3. The development comprises 6 x 2 bedroom apartments, including some duplex units. They were converted, and have been well maintained by the current owner over the years. Currently, 5 of 6 flats are tenanted, to professional working tenants with the vacant flat being advertised, to let, for circa £700-£750pcm. Once fully let, the development will do £46,680 per annum and, according to the managing agent - If rents were to increase, in line with current market levels, the apartments could all achieve between £700-£800pcm. This equates to a potential income of £50,000+ per annum.

Just two of the apartments have had their own leases drawn up and these are included in the sale. This provides the new owner with the chance to create leases on the four remaining flats, giving them resale options.

Each apartment has two double bedrooms, modern kitchen and bathroom, an open plan living space and intercom. Externally, a small communal garden and parking area for residents can be found at the rear of the development, accessed via the side road.

Location
Located in the peaceful village of East Ardsley, the property is close to the M1 and M62 motorway networks. The development is 9 miles south of Leeds (via majority motorway) and 3.5 miles north of Wakefield.

Freehold

Subject to a tenancy

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.