Leeds Road, Wakefield, WF1
- BEDROOMS
2
- SIZE
775 sq ft
72 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- • Investment opportunity
- • Prominent Location
- • Generating gross rental of £22,080 per annum
- Opportunities to increase rental income to £32,000 per annum
Description
A FANTASTIC OPPORTUNITY TO PURCHASE A FULLY OCCUPIED COMMERCIAL INVESTMENT WITH FIRST FLOOR FLAT ON A PROMINENT MAIN ROAD POSITION CLOSE TO WAKEFIELD CITY CENTRE GENERATING £22,080 PER ANNUM.
EPC Rating: E
LOCATION
The property is located on A61 Leeds Road, twixt Outwood & Newton Hill, approximately a mile from Wakefield City Centre. Situated in a predominantly residential area the property is well positioned set back off Leeds Road, one of the main routes connecting Wakefield and Leeds and the popular Wakefield Suburbs of Outwood, Lofthouse & Newton Hill.
PROPERTY
The property is a brick two storey terrace, set back from Leeds Road allowing parking for 2 cars to the front. The property is well presented and is commercial on the ground floor, having a nail bar to the front, 3 beauty rooms on the ground floor, Hairdressers in the room on the lower ground floor, kitchenette, W.c. and single garage to the rear with private yard area and drive. At first floor there is a two bedroom apartment, with kitchen, lounge and bathroom. There is separate access at both the ground and rear. There is gas fired central heating system for the ground floor.
RENTAL INCOME
The property generates a gross rental income of £22,080 per annum. Further information on the breakdown of rents is available through the agents. Rents have not been reviewed therefore there is the opportunities with the letting of the nail bar along with reviews to market rents to increase rental income to in the region of £32,000 per annum. The first-floor apartment is let on a 12 month AST which is due for renewal in May 2025. The ground floor is currently let to 3 tenants on a monthly by month basis, however the tenants are long standing. The garage is also let on a monthly basis, again to a longstanding tenant. The current owner occupies the nail bar at the front on the property with two stations and will vacate upon completion of a sale, therefore further income could be generated from letting this space between £400-500pcm.
PRICE
Offers around £325,000. There is no VAT charged on the purchase price.
VIEWING
Strictly by appointment with the agent. Please contact Gina Powell gina. or Rebecca Blyth Rebecca. for further information.
Brochures
Brochure 1- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: E
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Leeds Road, Wakefield, WF1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Outwood Station0.8 miles
- Wakefield Westgate Station1.5 miles
- Wakefield Kirkgate Station1.9 miles
About the agent
Simon Blyth Estate Agents, Holmfirth
Fairfield House Hollowgate, Holmfirth, HD9 2DG
We provide comprehensive commercial property services headed up by our experienced RICS registered valuer.
Whether youre looking to sell or let your property, or you need new premises to purchase or rent, our commercial property team are on hand to help. We have extensive experience across office, industrial, retail and investment properties and can advise on all circumstances.
Our full service can include RICS red book valuations, advice on lease negotiations and assistan
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Visit our security centre to find out moreDisclaimer - Property reference 04fc5667-53c1-4c7a-9b07-2075b9addb65. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Simon Blyth Estate Agents, Holmfirth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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