Skip to Content

Lot 21 Sold: £80,000

2, 6 & 8 Southgate, Elland, West Yorkshire HX5 0BW

  • Photo1
  • Photo2

Lot 21   Click here for addendum

Leasehold Commercial Investment – Gross Yield 19.3%
6 Week Completion

Situation

Occupying a prominent trading position in the town centre opposite a branch of One Stop and being close to the junction with Westgate.
Elland lies some 2 miles south of Halifax and 12 miles south-west of Leeds enjoying excellent access via the A629 to the M62 (Junction 24).

Property

• Nos. 6 & 8: A corner building comprising a Ground Floor Shop & Basement with separate rear access to Ancillary Accommodation on the first, second and third floors.
• No. 2: A former bank planned on ground, first and second floors.

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 24th June 1892 at a fixed ground rent of £16.15 p.a.

Enquire about this lot:

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.