Property marketed by Holroyd Miller
4/6 Newstead Road, Wakefield, WF1 2DE
About this property
PRIME CORNER RETAIL UNIT
38 WESTGATE, WAKEFIELD WF1 1JY
A WELL LOCATED TOWN CENTRE RETAIL UNIT, AMOUNTING TO 204M2 /2192FT2. SITUATED NEAR SPECSAVERS AND SPORTS DIRECT. THE PROPERTY WOULD SUIT A NUMBER OF USERS SUBJECT TO ANY NECESSARY PLANNING CONSENT.
RENT £19,000 PER ANNUM
This is a very prominently positioned 3 story grade 2 listed building which was originally built in the late 18th century and converted to retail use at the end of the 19th century. The property is of a traditional red brick construction and offers open plan retail space on ground and first floor with more storage at second floor and basement levels. Staff toilets are located on the second floor. The shop has recently benefitted from a refurbishment which has been done to a high standard including a brand-new kitchen. This property may suit several other uses subject to planning permission such as a café/coffee shop, hair & beauty salon, and travel agents amongst others.
The property occupies a very prominent position at the junction of Westgate and Marygate on the start of paved pedestrian area of the city centre. The shop front faces direct towards the oncoming vehicle traffic from Westgate which is one of the main routes in and out of the city centre making this a highly visible trading position. Other operators in the nearby area include Specsavers, Savers, Sports Direct, Subway, Warhammer and Coral Bookmakers.
Ground floor 46.8m2/504ft2
First floor 72.3m2 / 778ft2
Second Floor plus W/C 53.5m2/576ft2
NET AREA 46.8m2/2192ft2
The property has a rateable value of £20,750. The standard rating multiplier for the year 2022/2023 is 51.2p in the pound (0.512). The small business multiplier is 49.9p in the pound (0.499). Individual occupiers may also benefit from small business rate relief and transitional relief. More information in respect of rates can be obtained from the appropriate Local Authority and the Valuation Office Agency website, www.voa.gov.uk
We understand the property is not presently elected for VAT.
The existing planning use is likely to fall within Class E of the Town and Country Use Classes Order 1987 as amended. Interested parties should satisfy themselves by way of enquiry to the Local Authority, Kirklees Metropolitan District Council that their proposed use is acceptable.
The property is available by way of a new Full Repairing & Insuring lease for a term to be decided.
Each party will be responsible for their own legal costs.
By prior telephone appointment through the agents.
Contact: Lucy Hicken Tel: 01924 299494 (option 3)
ENERGY EFFICIENCY RATING
This property is exempt from the requirement of an EPC assessment
Property added 22/09/2022