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Express House, Southgate, Wakefield, WF1 1TE

£1,500,000

£156.92 per sq ft

Business rates & charges may apply

Vickers Carnley, Wakefield
SIZE AVAILABLE

9,559 sq ft

888 sq m

SECTOR

Commercial property for sale

Key features

  • Residential & commercial space
  • 7.40% Net initial Yield
  • Full let
  • 12 apartments
  • Ground floor commercial space
  • Excellent location

Description

Description

This is a mixed use, fully let investment property located in the heart of Wakefield City Centre, adjacent to The Ridings Shopping Centre.

The property includes 12 well presented apartments located on the first and second floor and a ground floor retail unit.
private car park to the side of the property for 12 vehicles.

Current annual rental income stands at £125,180.00 plus annual service charge at £20,000.00.
7.4% Net Initial Yield


Bullets Points 1

Residential & commercial space

Bullets Points 2

7.40% Net initial Yield

Bullets Points 3

Full let

Bullets Points 4

12 apartments

Bullets Points 5

Ground floor commercial space

Bullets Points 6

Excellent location

Brochures

Express House, Southgate, Wakefield, WF1 1TE

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wakefield Westgate Station0.4 miles
  • Wakefield Kirkgate Station0.4 miles
  • Sandal & Agbrigg Station1.4 miles

About Vickers Carnley, Wakefield

Crown Court, Chancery Lane, Wakefield, WF1 2SS

Vickers Carnley is an established property team specialising in the sale, letting and management of all types of commercial property across the Wakefield district for over 30 years.

We are proud to be recognised as the market leader in our region with our unrivalled expertise which is trusted by both local and national clients who consistently rely upon our local market knowledge and 'good old fashioned' client care.

We have a dedicated and well-established team of property professionals with an in-depth market knowledge. Our property agency and property management department work in close collaboration to provide a seamless service to all our clients.

Our agency specialisms include:

Property valuations

Sales & Lettings

Disposals

Development

Investments

Acquisitions

Our property management department has also grown from strength to strength in recent years and we have expanded our service portfolio to include residential property block management and we now manage over 180 properties in the West Yorkshire region.

Our property management services include:

Rent and service charge collections

Buildings insurance procurement

Property maintenance

Lease renewals

Health & Safety compliance

Project management

Debt collection

Schedule of Condition

Property inspections

Utility contract negotiations

And more.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 5884FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Vickers Carnley, Wakefield. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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