Lot
064
Auction: December 2023 Online Auction 06/12/2023 - Bidding opens Tuesday 5th December 10:00 AM

6 The Springs, Wakefield, West Yorkshire, WF1 1PU

Property Details
Location
Auction Details
Description
A town-centre, commercial investment opportunity comprising a retail unit with a passing rent of £10,000 per annum. We understand the tenant occupying the property has done so for circa 15 years. The property is arranged over three floors, with the upper floors currently being used for storage by the tenant. There may be potential for repurposing the upper floors subject to leases and the necessary consent.
Location
The property is located on the Springs, an established parade of retail units in Wakefield town centre. Traders enjoy strong footfall, helped by its proximity to national brands; the adjacent occupier is Halifax, with a Nationwide and CeX located opposite. The Springs runs parallel to Kirkgate, which also hosts a wide range of well-know occupiers including Marks & Spencer. Access is conveniently provided via the nearby Marsh Way (A61), with bus routes operating close to the property. Wakefield Kirkgate train station is also only 0.5 miles away.
Accommodation

StoreyUsageFloor Area
Ground FloorRetail19.8 sq m (213 sq ft)
First FloorStorage17.5 sq m (295 sq ft)
Second FloorStorage29.8 sq m (320 sq ft)
Total
77.3 sq m (831 sq ft)

Tenancy
The property is occupied by a clothing repair company, who have been trading from the premises for c15 years, we are told. We understand that a passing rent equivalent to £10,000 pa is being paid, although there is no written lease in place. 
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 5TH DECEMBER AND CLOSES ON WEDNESDAY 6TH DECEMBER.

3. Energy Performance Certificate = B

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