Tadman Business Park , Tadman Street, Wakefield, West Yorkshire, WF1 5RG
Investment For Sale: £4,005,000 Freehold
33,973 SqFt (3,156.09 SqM)
Multi-let freehold trade counter investment
5 tenanted industrial units
1.89 Acres
Fully secure perimeter
Excellent commercial location
Strong covenant tenants
Contact
About the property
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 £4,005,000 (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 6.40%, assuming usual purchaser's cost and a capital value of £117.88 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.