INVESTMENT PROPERTY RETURNING £63,456 PER ANNUM (INCLUDING VAT) in Wakefield for Sale.
An opportunity to acquire this first class investment property situated in this commanding position – BUSY MAIN ROAD SITE IN DENSELY POPULATED AREA OF LOFTHOUSE, WAKEFIELD. The detached premises have four tenants:– The first is a large convenience store with a 20 year lease from 2015 and returns £35,856 per annum, including VAT. The second is a dog grooming parlour held on a 10 year lease with approximately three years remaining and returns £9,240 per annum, including VAT. The third is a coffee shop and cafeteria returning £10,560 per annum, including VAT. This tenant wants a new long lease which is being negotiated our client tells us. The fourth is a residential flat which is rented out at £6,000 per annum. There is also an external locker which is rented out at £1,800 per annum.. The units are ideally placed in this delightful residential area. SENSIBLY PRICED CONCERN – A GOOD RETURN ON CAPITAL INVESTED.
EPC Band B.