Clarke Hall Farm , Aberford Road, Wakefield, West Yorkshire, WF1 4AL

Description

This unique courtyard style office development is located on Aberford Road opposite Pinderfields Hospital in Wakefield.

The property provides 10 individual boutique courtyard style offices, multi let
to 10 individual tenants, producing a total combined income of £189,090
per annum exclusive.

The development will be sold Freehold.

Total floor area of 13,254 sqft (1,231.35 sq m) with a total of 85 car parking
spaces.

Significant opportunities to add value through lettings, re-gears and
strategic capital expenditure.

Average Weighted Unexpired Lease Term of 3.14 years.

A variety of tenants and covenant strength, so of which are intrinsically
linked to Pinderfields Hospital and the strategic location of the office park.

We are instructed to seek offers in excess of £1,975,000 (One Million, Nine
Hundred and Seventy-Five Thousand Pounds) for the freehold interest,
subject to contract and exclusive of VAT. An offer at this level would reflect
a net initial yield of 9.00%, assuming usual purchaser's cost of 6.27%.

Low capital value of only £149 psf for this unique office development

Bullets Points 1

10 individual courtyard offices

Bullets Points 2

Total combined income of £189,090 per annum

Bullets Points 3

9% Net initial yield

Bullets Points 4

Substantial car park to front and rear

Bullets Points 5

Strategic location opposite Pinderfields Hospital

Bullets Points 6

Potential break up situation