9a & 11 Wood Street Wakefield WF1 2EL
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- Retail
- 544 sq ft
- To Buy
****FULLY LET INVESTMENT FOR SALE****
****GROUND FLOOR RETAIL UNIT WITH 3 BEDROOMED FIRST & SECOND FLOOR FLAT****
This is a mid terrace brick built recently refurbished mixed use property. The ground floor parts have been occupied by a gents barber for a number of years and have a well established clientele. A ground floor entrance way leads to a very well presented 3 bedroomed first & second floor flat.
Key Benefits and Features
- Well established ground floor retail user
- Separate self contained flat
- Popular city centre location
- Convenient for both bus and railway station
Location
The property occupies a very visible location on Wood Street among a wide variety of other users including, The Smokehouse, Qubana Restaurant, Oliver Dean Hair Salon and Vanilla Bean Cafe. This part of the city centre is very accessible and has the benefit of on street pay & display car parking. Both the railway and bus station are just a short walk away.
Accommodation
Ground floor retail unit
Shop depth – 28ft 6 in
Average width – 20ft 0in
Gross Internal Area -= 544 sq ft (51 sq m)
First floor residential flat
Kitchen – 7ft 8in x 10 8in
Lounge – 13ft x 13ft = 17 sq ft
Bedroom 1 – 10ft 9in x 15ft 2 in
Bedroom 2 – 11ft 5 in x 12 ft 6 in
Bedroom 3 – 15ft 7in 1 11 ft
Lease details
9a Wood Street (flat)
The residential first floor flat is held by way of a 6 month assured shorthold tenancy agreement. The current rental is £7,500 per annum.
11 Wood Street (GF retail)
Held by way of a 6 Year Full Repairing & Insuring lease expiring on 29th January 2029 with a rent review falling due in January 2026. The current rental is £10,750 per annum with a stepped increase to £11,000 in March 2025
Price
£250,000
Rates
We understand from the VOA website that the property has a rateable value of £7,400. The rates payable is calculated by applying the current small business rates multiplier of 49.9p Interested parties are advised to confirm the above figures with the local authority.
VAT
VAT is not applicable
Small business rates relief
Subject to eligibility, businesses occupying a property with a rateable value of £12,000 and below will receive 100% relief, between £12,000 and £15,000 they will receive tapered relief. For more information please contact the local authority on 01977 727121
Legal costs
Each party is responsible for their own legal costs.
Viewing
Strictly by appointment with our agents, Vickers Carnley, where Lee Carnley or Isobel Smith will be pleased to assist. Please call 01924 291500 to arrange a viewing.
EPC
This property’s energy rating is: C