Ossett, WF5

Prospect House is a substantial double fronted stone built property situated in the centre of Ossett, the property presents a good opportunity to investors looking for income or owner occupiers having the benefit of their own premises or generating additional income if required. Sold with vacant possession however the property has until recently been operating as a 10 room business centre generating an income of approximately £56,856 per annum. Viewing is advised to appreciate the accommodation available and excellent location.

Tenure: Freehold

LOCATION

Located in the centre of Ossett, the property fronts Prospect Street but also has access from Brook Street. Within walking distance to Ossett Bus Station, shops and amenities and the location is also accessible for both Horbury and Junction 40 of the M1 motorway and two train stations, one of which serving London Kings Cross.

PROPERTY

An attractive stone built double fronted property which comprises 10 offices ranging in size over ground and first floor level. There are toilet facilitates on both levels and communal kitchen/tea point on the first floor. The property has a gas fired central heating boiler. There is permit parking on Brook Street, for which permits can be obtained from the Council. There is also an arrangement with the local community centre to offer parking to tenants, more details are available upon request.

ROOMS

We have been provided with the following net internal areas.

ROOM Sq ft Sq M

1 215 19.97 2 217 20.2 3 321 29.8 4 414 38.46 5 213 19.8 6 117 10.9 7 152 14.1 8 153 14.2 9 152 14.1 10 172 16 TOTAL 2,126 197.53 Basement area of 223 sq ft (20.72 sq m)

BUSINESS RATES

Each office is separately assessed for Rates and subject to Tenants circumstances may qualify for small business relief. It is advised interested parties to make their own enquiries with the Local Authority.

PRICE

Offers around £349,000 for the building with vacant possession. The Business and Goodwill is available by separate negotiation.

RESIDENTIAL CONVERSION

Planning has been granted to convert the property into 4 apartments consisting of 2 x 2 bedroom apartments and 2 x 1 bedroom apartments. Further information can be obtained on Wakefield Council planning portal under application 22/01288/COUMA

FIXTURES AND FITTINGS

Current fixtures and fittings are available by separate negotiation Further information is available upon request.

VAT

The property is not registered VAT.

PLEASE NOTE

1 - It should be noted that the property has two electricity supplies. 2 - Although the property is offered with vacant possession there is the possibility of the existing tenants remaining in situ allowing interested parties to purchase the business and goodwill by separate negotiation. For further information on this please contact the agents.

ADDITIONAL INFORMATION

EPC rating – D Property tenure – Freehold Local authority – Wakefield Council