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Commercial development for sale

5-7, Wood Street, Wakefield

£750,000

£185.92 per sq ft

Business rates & charges may apply

Walker Singleton (Commercial), Leeds
SIZE AVAILABLE

4,034 sq ft

375 sq m

SECTOR

Commercial development for sale

Key features

  • Mixed Commercial & Residential Investment
  • Popular City Centre Location
  • Ground Floor Bar & 5 Self Contained Apartments
  • Gross Rental Income Of £67,600 pa
  • Attractive Gross Yield Of 9.01%

Description

The property is situated on a principal retail thoroughfare within Wakefield city centre, forming part of the primary shopping area and benefiting from flows between Westgate and the central retail core around Kirkgate, Cheapside and the Ridings Shopping Centre. The surrounding area comprises a mix of national and independent retailers together with café, restaurant and leisure uses.

Wakefield lies approximately 12 miles south of Leeds and 10 miles east of Huddersfield, with good road connectivity via the A650 and proximity to the M1 and M62 motorways.


The property comprises a mid-terrace, mixed-use building arranged over ground and two upper floors with rendered elevations beneath a pitched roof. A rear extension provides additional accommodation and is surmounted by a mono-pitched roof.

The ground floor is fitted out as a restaurant/bar trading as The Hilton Lounge, with a modern glazed shopfront and full-height display windows. The upper floors provide self-contained residential accommodation comprising five modern flats (a mix of one- and two-bed units), accessed independently from Wood Street.

The ground floor is let to The Hilton Lounge Bar at a passing rent of £25,000 per annum, with the lease expiring on 8 January 2030.

The upper floors comprise five self-contained flats. Apartment 1 is a two-bedroom, one-bathroom unit let on a rolling contract since October 2024 at £700 pcm. Apartment 2 is a one-bedroom, one-bathroom unit let on a rolling contract since May 2023 at £650 pcm. Apartment 3 is a two-bedroom, one-bathroom unit let on a rolling contract since March 2025 at £750 pcm. Apartment 4 is a two-bedroom, two-bathroom unit which is currently renting at £800 pcm. Apartment 5 is a one-bedroom, one-bathroom unit let on a rolling contract since August 2025 at £650 pcm.



Mixed Commercial & Residential Investment

Popular City Centre Location

Ground Floor Bar & 5 Self Contained Apartments

Gross Rental Income Of £67,600 pa

Attractive Gross Yield Of 9.01%

For further information or should you wish to arrange a viewing, please contact the sole letting/selling agents:

Fortune Nguwo

Email: fortune.

Henry Smith

Email: henry.

Brochures

5-7, Wood Street, Wakefield

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wakefield Westgate Station0.3 miles
  • Wakefield Kirkgate Station0.6 miles
  • Sandal & Agbrigg Station1.6 miles

About Walker Singleton (Commercial), Leeds

No. 1 King Street Leeds West Yorkshire LS1 2HH

Proudly independent and partner-led, Walker Singleton offers a range of services in industrial and commercial property. Whatever your needs, we'll help - with the ease and assurance that comes from choosing a trusted Chartered Surveyor.

Our team offers commercial property advice to support valuations, sales, lettings, disposals, acquisitions, rating assessments or appeals, dispute resolutions, and more.

Walker Singleton's commercial property agency team of RICS qualified Chartered Surveyors provide commercial property advice, valuations, and site development guidance and viability. We also provide bespoke management services as well as rent reviews and lease renewals.

Whether you're looking to sell, lease, or acquire a property, we'll take the time to understand your requirements and help you get the most from your investments. Ultimately, we aim to save you time and overcome any challenges you face along the way.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 104345FH. 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 Walker Singleton (Commercial), Leeds. 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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