9a & 11 Wood Street Wakefield

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  • Wakefield
  • Investment
  • 544 sq ft
  • To Buy
Price £250,000
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This is a mid terrace brick built property that has been recently refurbished. The ground floor parts have been occupied by a gents barber for a number of years with a well established clientele. A ground floor entrance way leads to a very well presented 3 bedroomed first and second floor flat.

Key Benefits & Features

  • Annual rental income - £18,250
  • Well established ground floor retail user
  • Separate self contained flat
  • Popular city centre location
  • Convenient for both bus and railway station

Accommodation

Ground floor retail unit

Shop depth – 28ft 6in

Average width – 20ft

Total area = 544 sq ft (51 sq m)

First floor residential flat

Kitchen – 7ft 8in x 10ft 8in

Lounge – 13ft x 13ft

Bedroom 1 – 10ft 9in x 15ft 2in

Bedroom 2 – 11ft 5in x 12ft 6in

Bedroom 3 – 15ft 7in x 11ft

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 the very popular Vanilla Bean cafe.

This part of the city centre is very accessible and has the benefit of on street pay and display car parking.

Both the railway and bus station are a short walk away.

Lease

9a Wood Street (flat) 

The residential first floor flat is held by way of a 6 month assured shorthold tenancy agreement. The current rent is £7,500 per annum.

11 Wood Street (Grd flr retail unit) 

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.

Rateable Value

The rateable value is £7,400

Small business rate relief is applicable. Please contact the local authority on 01977 727121 for more information.

VAT

VAT is not applicable to this property.

Legal Fees

Each party to be responsible for their own legal costs.

PRICE

The property is offered for sale at £250,000

Viewings

For viewings & further enquiries please contact our agents at Vickers Carnley:-

Lee Carnley – 01924 291500 – lee.carnley@vickerscarnley.co.uk

Isobel Smith – 01924 291500 – isobel.smith@vickerscarnley.co.uk