Garden Street, Wakefield, West Yorkshire, WF1

DESCRIPTION
A circa 1960’s built showroom that has been extended some time thereafter formed of two adjoining retail frontages and ancillary storage and staff accommodation, with manual roller shutter door to the side. The floor area amounts to approximately 255.5sqm/ 2,750sqft with seven parking spaces to the front. Understood to formerly be a car dealership, the property was more recently to as a carpet showroom. The leasehold interest is for a term expiring on 30th September 2042 with a current passing ground rent of £9,800 per annum. The leasehold interest available for purchase is for a term expiring 30th September 2042, with a current passing ground rent of £9,800 per annum.

LOCATION
Situated within Wakefield City Centre the building has a prominent frontage to Garden Street and visible from Ings Road (A638), a main trunk road around the city, whilst also within a few hundred yards from both the main shopping centres. The City Centre is seven miles south of Leeds and benefits from excellent motorway access with junctions 39 and 40 of the M1 within circa two miles and Junction 30 of the M62 within 4 miles.

BUSINESS RATES
The property has a rateable value of £12,250. The standard rating multiplier for the year 2025/2026 is 54.6p in the pound (0.512). The small business multiplier is 49.9p in the pound (0.499). More information in respect of rates can be obtained from the appropriate Local Authority and the Valuation Office Agency website,

PLANNING
The last planning use is likely to fall within Class E of the Town and Country Use Classes Order 1987 as amended. Interested parties should satisfy themselves by way of enquiry to the Wakefield Metropolitan District Council that their proposed use is acceptable.

ENERGY EFFICIENCY RATING
An energy performance assessment is currently being arranged.

LEASE DETAILS
The property is held on a lease from Wakefield Metropolitan District Council for a term of 75 years from the 1st of October 1967, expiring on the 30th of September 2042. The lease provides for rent review on the 1st of October 1987, 2007, and 2027. At review the assessment of rental value as defined in the lease is to be allocated between the landlord and tenant on a ratio of 1:2.423. The present ground rent payable to the landlord is £9,800 per annum. The tenant is responsible for the payment of all outgoings and keeping the property in repair. A copy of the lease is available upon request.

PURCHASE PRICE
The leasehold interest of the property is available at purchase price of £150,000.

VAT
We are not aware of the VAT status of the property. However the owner reserves the right to charge VAT if they choose to do so. All figures quoted are net of VAT.

LEGAL COSTS
Each party will be responsible for their own legal costs.

ENQUIRIES AND VIEWINGS
By prior telephone appointment through the agents.