Summary - 49A Bank Street WF5 8PR
2 bed 1 bath Commercial Property
Two-income Victorian investment ready for refurbishment and re-letting.
- Freehold mixed-use property, approximately 1,100 sq ft total
- Ground-floor barber shop tenanted since 2019, income £400 PCM
- Spacious two-bedroom maisonette above, recently redecorated and vacant
- For sale by Modern Method of Auction; buyer reservation fees apply
- Undisclosed reserve price — complete due diligence before bidding
- High local crime levels; consider security and insurance costs
- Solid brick walls likely without insulation; potential retrofit needed
- Small plot, town-centre location with no private garden
A prominent mixed-use opportunity in central Ossett, this mid-terrace Victorian property offers dual-income potential from a tenanted ground-floor barber and a recently redecorated two-bedroom maisonette above. The property extends to approximately 1,100 sq ft and is offered freehold, making it straightforward to add to an existing portfolio or to operate as owner-occupier with rental income below.
The ground-floor shop has been continuously occupied since 2019 and currently produces £400 PCM under a lease for the shop front. The maisonette above is vacant and was recently refreshed throughout, providing immediate scope to re-let or refurbish further to increase rental value. Practical features include mains gas boiler and radiators, UPVC double glazing, and a modern fitted kitchen in the flat.
Important sale terms and risks are direct: the property is sold by the Modern Method of Auction with a starting bid of £135,000, an undisclosed reserve price and a non-refundable reservation fee (buyer’s fee). The local area records higher crime levels and the building’s solid brick walls are assumed to lack insulation — further modernisation or energy-efficiency works may be required to improve long-term returns.
This property will suit hands-on investors or local traders seeking a town-centre shop-with-flat arrangement close to transport links and amenities. Viewers should study the buyer information pack and factor auction fees, potential retrofit costs and local market conditions into bid calculations.
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