34 Little Westgate, Wakefield | Property for sale | Savills
Guide price £30,000($58,587)

34 Little WestgateWakefield

  • New
  • Sole agency
Investment
Yield 16%Yield

Key features

  • High Yielding Retail Investment
  • Ground Floor Unit and Upper Parts
  • Let to a Florist - Holding Over
  • Asset Management Potential
  • High Footfall Pedestrianised Street
  • Investment Let at £5,000 p.a. (16% GIY on Guide Price)

High Yielding Retail Investment Opportunity with Evident Asset Management Potential Investment Let at £5,000 per annum to a Florist (holding over)

About this property

  • The property comprises a high yielding investment opportunity fronting a high footfall pedestrianised street. Arranged across ground, first and second floors, the property is let to a florist on a lease producing £5,000 per annum. The lease has expired and the tenant is holding over, we understand a tenancy at will is currently in the process of being agreed. The property offers evident asset management potential by re-gearing the existing lease or re-letting the property. The property benefits from a prominent frontage to Westgate, one of the principal pedestrianised retail streets in Wakefield.

Additional information

  • Whist there are no extant planning consents, the upper parts may be suitable for conversion to alternative uses, including residential, subject to obtaining the requisite consents.