Wakefield Road, Scissett, HD8

 

INCOME PRODUCING COMMERCIAL INVESTMENT WITH ABILITY TO ADD FURTHER VALUE. OF INTEREST TO INVESTORS, OWNER OCCUPIERS AND DEVELOPERS

 

We are pleased to bring to the market this roadside commercial investment which has offers a range of options to purchasers. Located in the centre of Scissett with prominent road frontage to A636 Wakefield Road, the property currently produces and income of £55,540pa with an ERV of £80,530pa when fully let.

EPC Rating: D

LOCATION

Centrally located in Scissett, the property has prominent road frontage on to A636 Wakefield Road which is one of the main throughfare linking Wakefield and the M1 motorway to Huddersfield as well as serving surrounding villages of Clayton West, Skelmanthorpe and Denby Dale, The property is located in the centre of Scissett, approximately 10 miles to the southeast of Huddersfield Town Centre, 9 miles from Wakefield City Centre and 6 miles from Junction 39 of the M1 Motorway.

PROPERTY

The property comprises of 5 units, two fronting Wakefield Road and three industrial units to the rear. There is excellent roadside frontage to 143 Wakefield Road which was previously used as a garage and offers potential for a variety of occupiers. There is a large, gated yard to the rear of the property with further off road parking to the side along with ample parking on Wakefield Road.

TENANCY SCHEDULE

All units are let by way of Law Society Leases which are available upon request. 143 Wakefield Road has been used by the current owner of the whole site and is due to become vacant due to them retiring.

UNIT - 141 Wakefield Road

TENANT - Scissett DIY Ltd SIZE - 4,810 sq ft (446.81 sq m) RENT - £24,950 pa LEASE START - 1/1/2022 LEASE EXPIRY - 31/12/2027 RENT REVIEW DATE - 1/1/2025

UNIT 1

TENANT - KMO Builders SIZE - 940 sq ft (87.18 sq m) RENT - £7,280pa LEASE START - 1/1/2022 LEASE EXPIRY - 31/12/2027 RENT REVIEW DATE - 1/1/2025

UNIT 2 - KBD Welding (PENDING)

SIZE - 1,200 sq ft (111.27 sq m) RENT - £10,400pa LEASE START - 1/1/2022 LEASE EXPIRY - 31/12/2027 RENT REVIEW DATE - 1/1/2025

UNIT 3

TENANT - Stargate Fabrications SIZE - 1,150 sq ft (106.74 sq m) RENT - £7,800 pa LEASE START - 1/1/2022 LEASE EXPIRY - 31/12/2027 RENT REVEW DATE - 1/1/2025

UNIT - 143 Wakefield Road

TENANT - Vacant SIZE - 3,705 sq ft (344.15 sq m) RENT - ERV £25,000 pa

TOTAL CURRENT RENT

£54,540 pa

PRICE

Guide price for the property is £850,000.

VAT

VAT is not applicable on the sale.