21 - 25 Wood Street, Wakefield, WYK

The property comprises a three-storey and basement building of brickwork construction with a flat asphalt roof to part and pitched roof with slate tiles to the remainder.
The property is located on Wood Street, within Wakefield’s ‘Civic Quarter'. Wakefield which lies approximately 8 miles south of Leeds, benefits from direct rail services to London King Cross via the East Coast Mainline and by road, provides easy access to the M1 Motorway.

Sale Notes:
The investment opportunity comprises a three storey building with a retail unit at ground floor and office space above.
Offers are invited in excess of £440,000, which equates to a net initial yield of 10%, after purchasers costs of 4.8%. The property is let in its entirety on an FRI basis to Wakefield and District Housing Limited for a term of 10 years from 1 November 2008. The passing rent is £46,000 per annum which is subject to an open market upwards only rent review on 1 November 2013. The lease is subject to a tenant only break on 31 October 2013, subject to 6 months written notice.