Prospect Road, Prospect House, WF5

A WELL ESTABLISHED OPERATING 10 OFFICE BUSINESS CENTRE CURRENTLY GENERATING CIRCA £56,856 PA LOCATED IN THE CENTRE OF OSSETT PRESENTING A FANTASTIC OPPORTUNITY FOR INVESTORS OR OWNER OCCUPIERS, TO PURCHASE AN ESTABLISHED GOING CONCERN AND PREMISES. 24 Prospect Road is currently operating as a 10 room business centre generating an income of approximately £56,856 per annum. Situated in the centre of Ossett, the property presents a good opportunity to investors looking for income or owner occupiers having the benefit of their own premises with additional income. A substantial double fronted stone built property, viewing is advised to appreciate the accommodation available and excellent location.

LOCATION

Located in the centre of Ossett, the property fronts Prospect Street but also has access from Brook Street. Within walking distance to Ossett Bus Station, shops and amenities and the location is also accessible for both Horbury and Junction 40 of the M1 motorway and two train stations, one of which serving London Kings Cross.

PROPERTY

An attractive stone built double fronted property which comprises 10 offices ranging in size over ground and first floor level. There are toilet facilitates on both levels and communal kitchen/tea point on the first floor. The property has a gas fired central heating boiler. We have been provided with the following net internal areas. Sq ft / Sq M 1 215 / 19.97 2 217 / 20.2 3 321 / 29.8 4 414 / 38.46 5 213 / 19.8 6 117 / 10.9 7 152 / 14.1 8 153 / 14.2 9 152 / 14.1 10 172 / 16 TOTAL 2,126 197.53 Basement area of 223 sq ft (20.72 sq m) The tenants are all on standard lease agreements with the majority of tenants now on a rolling contract as their initial term has expired, further information can be obtained upon request. Current rental income is approximately £56,856 per annum. The property will be sold as a going concern.

BUSINESS RATES

Each office is separately assessed for Rates and subject to Tenants circumstances may qualify for small business relief. It is advised interested parties to make their own enquiries with the Local Authority.

LANDLORD COSTS

The current Landlord covers the costs for utilities and buildings insurance. Full details of annual costs can be obtained upon request.

RESIDENTIAL CONVERSION

Planning has been granted to convert the property into 4 apartments, further information can be obtained on Wakefield Council planning portal under application 22/01288/COUMA.

FIXTURES AND FITTINGS

Most of the current fixtures and fittings will be included within the sale, further information is available upon request.

VAT

The property is not registered VAT.

NOTE

It should be noted that the property has two electricity supplies

ADDITIONAL INFORMATION

EPC rating – D Property tenure – Freehold Local authority – Wakefield Council