High Street

For Sale

£ 160,000

Wakefield Branch
70 Northgate
West Yorkshire
1 Bathrooms 1 Bedrooms 2 Reception rooms

Property Features

  • Ground Floor Retail Unit with a Separate Accessed 1 Bedroom Apartment
  • Retail Unit with Kitchenette & WC
  • Currently Trading as a Barbers Shop
  • Good Investment Opportunity
  • EPC Rating - D93

Property Details

UNIQUE OPPORTUNITY TO ACQUIRE FREEHOLD SHOP AND FLAT UNIT IN THE HEART OF HORBURY CENTRE Holroyd Miller are delighted to offer For Sale this One Bedroom First Floor Flat, along with a well-presented ground floor retail property with staff kitchen and Wc to the rear of the premises. The property is currently trading as a Barbers Shop and the business is unaffected. EPC Rating – D93

DESCRIPTION The property is a late Victorian inner terrace building which comprises a separate ground floor retail unit with first floor and attic level self contained apartment. The commercial unit is let and producing £6,000 PA. The above flat is currently vacant and is on the market for £480 pcm. The residential unit has been fundamentally refurbished and offers spacious modern accommodation amounting to 68m² / 732ft².
This property is likely to be of interest to investors and owner occupiers, offering a variety of potential options

GROUND FLOOR RETAIL SPACE 36.9 sq m / 397 sq ft
This is a well-presented ground floor retail space with staff kitchen and wc to the rear of the premises. The property is currently trading as a Barber’s shop and the business is unaffected.

FIRST FLOOR APARTMENT One bedroom apartment; with entrance lobby to rear, leading to first floor landing, lounge, kitchen with a range of fitted units, shower room with corner cubicle, basin and W.C, attic bedroom with rooflight.

BUSINESS RATES AND COUNCIL TAX The property has a rateable value of £5,800, which falls below the threshold of £12,000 and is presently eligible for 100% rate relief, subject
to status.

The standard rating multiplier for the year 2019/2020 is 50.4p in the pound (0.504). The small business multiplier is 49.1p in the pound (0.491). Individual occupiers may also benefit from small business rate relief and transitional relief. More information in respect of rates can be obtained
from the appropriate Local Authority

The residential element is assessed for Council Tax within Band A

EPC The property has an Energy Performance Assett Rating of D93 and a full report is available on request.

VAT We understand the commercial element of the property is not presently elected for VAT, however the owner reserves the right to charge VAT should they choose to do so. All figures are quoted net of VAT.

PLANNING The existing planning use of the shop is within Class A1 of the Town and Country Use Classes Order 1987 as amended. The apartment will be within Class C3. Interested parties should satisfy themselves by way of enquiry to the Local Authority Wakefield Metropolitan District Council, that any proposed change of use is acceptable.

TERMS The whole property is available freehold at Offers in Excess of £170,000.

LEASE DETAILS The shop was originally let for 6 months from the 5th of December 2015 at an initial rent of £500pcm (£6000pa). The lease is understood to have been contracted out of the Landlord and Tenant Act 1954 in respect of the tenants’ right to a new lease on expiry and the tenants
remain in occupation paying the original rent.

The apartment is presently vacant and being offered at a rent of £480 pcm.