5B,C,D,E,F,G Market Street, Heckmondwike, West Yorkshire, WF16 0JY

Lot No. 14
UK Property Group are please to bring to the auction this fantastic high yielding investment property in Heckmondwike. PROPERTY PARTICULARS This stone built property is over 3 floors with private car park and was converted into 6 Flats over 15 Years ago. 4x1 Bed Flats 1x studio flat 1x 2 bed flat FLAT PARTICULARS Flat 5b - Size: 366 Sq.Ft. (34 Sq.M.) Leasehold · 983 years remaining Council tax band A Flat 5C Size: 593 Sq.Ft. (55 Sq.M.) Leasehold 983 Years Remaining Council tax band A Flat 5D Size: 280 Sq.Ft. (26 Sq.M.) Leasehold 983 Years Remaining Council tax band A Flat 5E Size: 366 Sq.Ft. (34 Sq.M.) Leasehold 983 Years Remaining Council tax band A Flat 5F Size: 388 Sq.Ft. (36 Sq.M.) Leasehold 983 Years Remaining Council tax band A Flat 5G Size: 356 Sq.Ft. (33 Sq.M.) Leasehold 983 Years Remaining Council tax band A INCOME 4x1 Bed £350pcm (£1400) 1x studio £350pcm 1x 2 bed £450pcm Total Annual Income: £26,400 The flats are in need of a rent review to bring them in line with comparable properties in the area. There is a potential for the flats to achieve the following: 1 Bed Flats £450 PCM 2 Bed Flat £550 PCM Studio Flat £400 PCM Total Annual Income £33,060 TENURE All Flats are Leasehold Terms of Sale Property is for sale by the modern method of auction. This is an unconditional sale. The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition, a 3% Buyers Premium, Subject to a minimum £6000 and contracts are exchanged. The purchaser is legally bound to buy, and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated). Pre Auction Offers Some vendors will accept offers prior to auction, however these must be above the guide price to be considered. If any such offer is accepted the property will still be sold under auction terms and conditions. General While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact Uk Property and we will be pleased to check the position for you. The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only. Services Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. Anti-Money Laundering Regulations: In line with anti-money Laundering regulations Intending purchasers will be asked to produce identification documentation and maybe proof of funds when submitting an offer to purchase the property. Particulars These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers. Neither Uk Property Group or any of its employees or agents has any authority to make or give any representation or warranty in relation to this property.
Auction Starts December 13th 2022
Guide Price:
£270,000+ fees
Starting Price:
£270,000+ fees
Guide Price: £270,000 + fees
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