8 bed flat for sale

Flats 5, 8, 16 & 20, James Court, Hemsworth, Pontefract, West Yorkshire WF9

An exciting opportunity to acquire this portfolio of 4 x 2 bedroom apartments which form part of a larger development. As present, two of the apartments are let and generating £5,700 per annum with the other two offered with vacant possession. Assuming the vacant units are let at a similar level, this would equate to an impressive gross return of 24% when based on the quoted guide price.

Hemsworth makes for an ideal location for a range of buyers as it is aptly placed for local amenities such as shops and schools. Main bus routes run to and from Pontefract and Wakefield, as well as the M62 motorway for those who look to commute further afield. Hemsworth Water Park is also only a short walk away.

Each Flat Leasehold Information:
Lease Length - 125 years from 01/01/2009
Ground Rent - £260 per annum (awaiting confirmation)
Service Charge - £2,325 per annum (2026 statement)

The sellers have advised that all ground rent and service charge arrears will be settled prior to completion.

Interested parties should be aware that the apartments are also available to buy individually in the same auction if the aforementioned portfolio fails to sell.

Accommodation

Flat 5

Two bedroom first floor apartment - vacant

Flat 8

Two bedroom second floor apartment - vacant

Flat 16

Two bedroom first floor apartment - tenanted

Flat 20

Two bedroom second floor apartment - tenanted

Externally

Communal parking

Additional Information

Council Tax

Wakefield - Each Flat Band A

EPC Ratings

Flat 5: C
Flat 8: C
Flat 16: C
Flat 20: C

Tenure

Leasehold

Disclaimer

Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.

Charges And Payments

In addition to the deposit
Administration Charge: 1.5% inc VAT of the purchase price subject to a minimum of £2,100 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.