Northgate, Wakefield, West Yorkshire, WF1

DESCRIPTION

The property comprises of a self contained ground floor retail unit occupying a very busy trading position just off the Bull Ring in the centre of Wakefield. Internally the property offers a broadly open plan retail space with toilet facilities off to the rear and hot & cold air con.

The double shop front with a corner return offers excellent windows displays and a double width door makes this an ideal unit for retailing larger goods such as furniture. Alternatively, being situated in Wakefield restaurant district the unit may be suited to a café/restaurant use, subject to planning.
Other nearby operators include the Qubana restaurant, Robatary, Rustico, Richard Kendalls, The Grill Pit, Manning Stainton & Paddy Power.
The Landlord owns a number of car parks around the city centre and is able to offer contract car parking at an additional cost.

LOCATION

The property is situated in an extremely prominent trading position at the bottom of Northgate, overlooking the Bull Ring in the heart of the city centre, and is just a few minutes walk from the bus station, the indoor market and both the Ridings and Trinity Walk Shopping centres.

ACCOMMODATION

Retail Area-
Gross Frontage- 28ft
Internal Width (average) - 23ft
Depth - 34ft 4in
Total Retail Area- 790 sq ft (73.39 sqm)
Office/Store- 6ft 4in x 9ft 9in =62 sq ft
Store- 5ft 2in x 9ft 9in = 50 sq ft
Kitchen- 4ft 9in x 9ft 9in = 46 sq ft
Net Internal Area- 948 sq ft (88.07 sqm)
plus Wc


LEASE

The property is available by way of a new Full Repairing & Insuring lease for a term to be decided.

RENTAL

£25,000 Per Annum

VAT

All prices quoted are exclusive of VAT which will be charged at the standard rate where applicable.

LEGAL COSTS

Each party is to be responsible for their own legal costs in this matter.

RATES

We understand from the VOA website that the current rateable value of the property is £19,000. The rates payable is calculated by applying the current business rates multiplier of 49.7 p. interested parties are advised to confirm the above figures with the local authority.

The government announced in the budget that England's retail, leisure and hospitality firms will not pay any business rates in the coming year as part of plans to support the UK economy in the face of the coronavirus outbreak.

This relief will apply to occupied retail properties with a rateable value of less than £51,000 in the year 2020/21.