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154 Westgate 1,367 sq ft Retail Unit Offered at £150,000 in Wakefield WF2 9SR
INVESTMENT HIGHLIGHTS
- Mixed use city centre investment
- Situated just 2.5 miles (a 10-minute drive) from J40 of the M1
- Prominently located in Wakefield city centre
EXECUTIVE SUMMARY
Prominently located in Wakefield city centre, the site benefits from excellent visibility and access, with approximately 31,000 vehicles passing daily. Situated just 2.5 miles (a 10-minute drive) from J40 of the M1, the property offers great connectivity.
PROPERTY FACTS
| Total Property Size | 2,056 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 2,056 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1900 |
| Costar Property Class | B | Total Plot Size | 0.05 ac |
| Total Property Size | 2,056 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 2,056 sq ft |
| Year Built | 1900 |
| Total Plot Size | 0.05 ac |
AMENITIES
- Security System
- EPC - D
1 UNIT AVAILABLE
Unit 154
| Unit Size | 1,367 sq ft | Sale Type | Investment |
| Price | £150,000 | Tenure | Freehold |
| Price Per sq ft | £109.73 | Net Initial Yield | 10.02% |
| Unit Use | Retail | NOI | £15,030 |
| Unit Size | 1,367 sq ft |
| Price | £150,000 |
| Price Per sq ft | £109.73 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 10.02% |
| NOI | £15,030 |
DESCRIPTION
A well-presented mixed-use commercial property comprising a ground floor retail unit and a spacious two-bedroom duplex apartment above. The property is available as 100% Let, making it ideal for investors.
SALE NOTES
Offers in the region of £150,000 reflecting an attractive net initial yield of 10.02%, assuming standard purchasers' costs of 1.8%.
The property is let on a new 5 year lease from 1st October 2025 over the whole property at £15,300 per annum exclusive.
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NEARBY MAJOR RETAILERS
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154 Westgate
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