Block of flats for sale in Dale Street, Ossett WF5
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Property description
Description:
Thornes House is a substantial church converted to provide 18 residential units comprising 3 x studio apartments, 11 x 1-bed flats and 4 x 2-bed flats. In addition there are 2 x commercial units to the ground floor currently used for a dog grooming business and a Chinese takeaway.
All the units have been sold on 125 year Leases with exception to the dog grooming unit, which is held on a 99 year Lease.
To the outside is a yard and car parking area.
Accommodation: Floor and site plans are included for identification purposes only. We have not inspected the accommodation nor tested any of the services.
Income: We are advised the current Ground Rent Income is £5,420.10 per annum.
The ground rents are subject to reviews of 15 years (14 x flats) and 10 years (4 x flats) calculated to the Retail Price Index (rpi).
Property management:
The Landlord runs the flat management company and the buyer will be required to acquire and run the management company. The current service charge payable on account is approx. £12,000 per annum subject to a balancing charge/credit. There is a further potential income stream with a management fee. Further details on request.
Council tax / rates:
All the residential flats are in Council Tax Band A. From the voa website, the 2017 Rateable Value for the Chinese Takeaway is rv £4,400 and dog grooming unit is rv £4,500.
VAT:
All figures quoted are exclusive of VAT, if chargeable.
Price: Offers invited in the region of £85,000 subject to contract for the Freehold Interest.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Mawsons, LS3 on +44 113 427 9011 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Mawsons, and do not constitute property particulars. Please contact Mawsons for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.