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Retail/Shop

Retail/Shop For Sale Wakefield

PROPERTY ID: 150855

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

4,034 sq.ft

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%

Property Details

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 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
0113 848 0000
Email: Fortune.nguwo@walkersingleton.co.uk

Henry Smith
0113 848 0000
Email: Henry.smith@walkersingleton.co.uk

Download PDF Brochure
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About the Agent

Walker Singleton

See Agent's Other Properties

Retail Unit

£750,000 Freehold

5-7,Wood Street, Wakefield, WF1 2ED
Retail/Shop - Available
4,034 sq ft
375 sqm
Show phone number

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