17-21 Barstow Square, Wakefield WF1 2SF

Sold prior to the auction on 30 January 2025 for an undisclosed amount.

An opportunity to acquire an imposing freehold block of six apartments in Wakefield city centre.

These comprise of 5 x 1 bedroom and 1 x 2 bedroom units. Five of the apartments are let and a tenant has been sourced for the only vacant apartment, which will take the total income of the block to £42,780 per annum. This equates to a return of 11.4% based on the guide price, which is considerably higher than average for a city centre development and there is potential scope to increase rents on some units.

Each apartment has a modern living kitchen, bedroom(s), shower room and blends modern décor with the age, and character, of the building.

Apartment 17 – £650 per calendar month.
Apartment 19A – £565 per calendar month.
Apartment 19B – £565 per calendar month.
Apartment 19C – £585 per calendar month.
Apartment 19D – £650 per calendar month.
Apartment 21 – £550 per calendar month.
Total rental income - £42,780 per annum.
Construction Material: Standard brick
Broadband: Standard - 21 mbps and Ultrafast - 1000 mbps available
Mobile Phone Coverage: O2, EE, Three and Vodafone available
Note: Some images have been taken by the letting agents when the flats were previously vacant. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure: Freehold

EPC Rating: D D D D D D

Terms:
Auction Details:

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

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fee apply:

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

• Buyers Fee of 1.8% of the purchase price inc VAT.

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction 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.