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Commercial property for auction

Wakefield, WF1 - Get Access

Description

A recently constructed three storey office building of approx. 6,271 Sq Ft (528 Sq M) which is part let producing £33,000 per annum with potential to generate approx. £50,000 per annum when fully let, with car parking for around 12 vehicles. The building provides largely open plan office space with meeting rooms, W.C's and Kitchenettes, has lift access to all floors and comfort cooling air conditioning. The property is well located adjacent the Trinity Shopping centre and next to the Travel Lodge hotel. The property is currently majority let with only the ground floor being vacant. The first floor is let at £17,500 per annum, as is the second floor. Ground Floor - VACANT 2,137 Sq Ft (198.6 Sq M) First Floor - LET £17,500 per annum 2,067 Sq Ft (192.1 Sq M) Second Floor - LET £17,500 per annum 2,067 Sq Ft (192.1 Sq M) Approximately 961 sq m (1149 sq yds).
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area: 6,271 sq ft (Listing)

The property is a modern, three-storey office building located in Wakefield city centre. The valuation is based on the income generated from the let floors and the potential income from the vacant ground floor, cross-referenced with the price per square foot of comparable office spaces. The floor area has been taken from the scraped data.

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