Commercial Property For Sale in Tadman Street, Wakefield

Property Overview

A rare investment opportunity has arisen of multi let trade counter and industrial units with open storage land, let to strong national and regional occupiers at a total passing rent of £273,000 per annum exclusive. The estate includes strong covenant tenants including Wakefield District Housing and Edmunson's Electricals. The property is Freehold (except for unit 4 which has been sold off long leasehold). We are instructed to seek offers in excess of £3,600,000 (Four Million and Five Thousand Pounds) for the freehold interest, subject to contract and exclusive of VAT. An offer at this level would reflect a net initial yield of 7.12%, assuming usual purchaser's cost and a capital value of £105.96 psf. The site will be sold on a freehold basis to include everything within the red line boundary below, except Unit 4 which has been sold off on a Long leasehold basis with 74 years remaining.