8 Ropergate, Pontefract

Asking price of £120,000
For Sale
Investment

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LOCATION

The property is situated fronting Ropergate, which is within Pontefract town centre, immediately to the southwest of Market Place.  Usual town centre amenities are available within easy reach.  On-street parking is available along the length of Ropergate.

DESCRIPTION

The property comprises a 2-storey mid-terrace retail unit with the ground floor being an open-plan sales area with staircase at rear leading to the first floor ancillary storage and offices.  There is also a kitchenette and WC at first floor level.

ACCOMMODATION

Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 1st Edition, May 2015, the unit provides the following approximate internal areas:

ground floor     205 sq ft (19m²)

first floor          210 sq ft (19.5m²)

total                 415 sq ft (38.5m²)

TERMS

The property is let on a commercial lease to Hodsons Estate Agents (Pontefract) Ltd with a rent reserved of £10,000 p.a. The lease has recently been renewed for a further term of 3 years commencing 4 March 2021, therefore expiring 3 March 2024. The property is offered for sale on a freehold basis subject to existing lease at a guide price of £120,000.  VAT is not applicable on this property.

 

BUSINESS RATES

According to the Valuation Office Agency website, the premises has a current 2017 Rateable Value of £7,300.  Interested parties are advised to direct further enquiries to the local authority.

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