Property description
FREEHOLD PART-TENANTED COMMERCIAL INVESTMENT PROPERTY WITH FURTHER DEVELOPMENT POTENTIAL - Comprises ground floor retail unit with A5 consent, self contained office and self contained upper floor accommodation - Prominent roadside position- CONTACT FSL ESTATE AGENTS TO VIEW
PROPERTY DETAILS
Offered for sale is this Freehold investment property located close to Wakefield City Centre in a prominent corner position on Westgate End. The property comprises of a ground floor retail shop unit with A5 consent (hot food takeaway), a self contained flat above and a detached single storey building to the rear which has traditionally been let out as a taxi office. The property is part tenanted, currently achieving around £16,000 per annum from the commercial elements and having further rental income potential from the residential flat. There is also potential for re-development to the rear of the property, subject to obtaining the necessary planning consents. For further information and to arrange a viewing contact FSL Estate Agents on 01924 200101.
LOCATION
The property is located at the junction of Westgate End and Makin Street.
RETAIL UNIT
Self contained ground floor retail unit with gross floor area of approximately 520 sq ft (48.3 sq m) plus access to storage cellar. The retail unit has the benefit of A5 consent (hot food takeaway) and is currently tenanted achieving £13000 per annum.
SELF CONTAINED FLAT
This is a self contained flat with accommodation on the first floor and within converted loft space above. Accommodation briefly comprises; ground floor entrance, first floor kitchen / dining room, living room and shower room, and loft room on the second floor. The flat does require a degree of refurbishing but does have potential for additional rental income.
SELF CONTAINED OFFICE BUILDING
Single storey office building with WC facilities which has traditionally been used as a taxi office. The office is currently tenanted achieving £3600 per annum.
TENURE
Freehold
RATEABLE VALUE
The draft rateable value (2017 listing) for the retail unit is £5000. The draft rateable value (2017 listing) on the taxi office is £1000. The council tax band for the flat is band A.
VAT
We are not aware that the sale price will be subject to VAT however we await confirmation of this from the vendor.
VIEWINGS
For further information and to arrange a viewing contact FSL Estate Agents on 01924 200101. Please note that viewings are strictly by prior appointment only.
IMPORTANT INFORMATION
These particulars are intended only as general guidance. The Company therefore gives notice that none of the material issued or visual depictions of any kind made on behalf of the Company can be relied upon as accurately describing any of the Specified Matters prescribed by any Order made under the Property Misdescriptions Act 1991. Nor do they constitute a contract, part of a contract or a warranty.
Property Features :
- Freehold mixed use investment property
- Ground floor retail unit with A5 consent
- Self contained single storey taxi office
- Self contained flat over 2 floors
- Currently achieving £16K per annum