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Terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- For sale by auction on the 4th September 2024
- Guide price £95,000 +
- Commercial property
- Currently tenanted generating £14,400 per annum
- Well presented hair salon
- Great addition to an investor’s portfolio
- EPC rating D
The current gross rental income is £14,400 reflecting over a 15% yield based on the guide price. The contract also reflects the monthly rent will increase by £100 per month after each year that passes. On this basis, in the final year of the contract the gross rental income would be £18,000 per annum, which is just under an 19% return based on the guide price.
The property is located on the popular South Elmsall high street.
Rooms
ACCOMMODATION
Ground Floor
Salon area and back room, 2 x WCs
First Floor
4 x office rooms and a WC
Externally
Outside space to the rear
Additional Information
Tenure
Freehold
Charges and Payment
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Places of interest
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Auction House - West Yorkshire
Caledonia House, Lawnswood Business Park, Redvers Close Leeds LS16 6QY
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Property reference AUC240442. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House - West Yorkshire.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 17, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 17, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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