Freehold Part Let Office Investment with 16,472 sq ft approx. offered with Vacant Possession
Iconic Grade II listed waterfront warehouse
Refurbished to high specification to provide office and retail accommodation
Entire third floor let to HH Associates Limited
Forms part of Wakefield’s Waterfront regeneration scheme
Lot 39
Auction 14th February 2018
Rent £40,000 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Plc
Property Information
Location
Miles
10 miles south of Leeds, 24 miles north of Sheffield
Roads
A61, A638, M1 (Junction 39), M62 (Junction 31)
Rail
Wakefield Kirkgate, Wakefield Westgate Rail
Air
Leeds/Bradford Airport
Situation
Wakefield is a popular city located in West Yorkshire just off the M62 and M1 Motorways. The property forms part of the Waterfront Wakefield regeneration scheme located in the southern area of the city, with frontage to the River Calder and Calder & Hebble Waterway. The development is accessed from Bridge Street via Marsh Way from the City Centre. Waterfront Wakefield is a mixed use development including Hebble Wharf, a 100 unit residential building and 1 & 2 Navigation Walk which are currently occupied by a call centre and Spectrum Community Health. Waterfront Wakefield has a dedicated stop for the free bus allowing easy access to the city centre and Westgate Rail Station every 10 minutes.
Tenure
Freehold.
Location
Miles
10 miles south of Leeds, 24 miles north of Sheffield
Roads
A61, A638, M1 (Junction 39), M62 (Junction 31)
Rail
Wakefield Kirkgate, Wakefield Westgate Rail
Air
Leeds/Bradford Airport
Situation
Wakefield is a popular city located in West Yorkshire just off the M62 and M1 Motorways. The property forms part of the Waterfront Wakefield regeneration scheme located in the southern area of the city, with frontage to the River Calder and Calder & Hebble Waterway. The development is accessed from Bridge Street via Marsh Way from the City Centre. Waterfront Wakefield is a mixed use development including Hebble Wharf, a 100 unit residential building and 1 & 2 Navigation Walk which are currently occupied by a call centre and Spectrum Community Health. Waterfront Wakefield has a dedicated stop for the free bus allowing easy access to the city centre and Westgate Rail Station every 10 minutes.
Tenure
Freehold.
Description
The property is a four storey Grade II listed former warehouse, refurbished to a high specification to provide a ground floor retail unit and six self-contained office suites over first, second and third floors.
The office accommodation benefits from new vertical circulation core with oak glass staircase, full access raised floors, natural ventilation and a passenger lift. The property benefits from rights to 30 car parking spaces.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a four storey Grade II listed former warehouse, refurbished to a high specification to provide a ground floor retail unit and six self-contained office suites over first, second and third floors.
The office accommodation benefits from new vertical circulation core with oak glass staircase, full access raised floors, natural ventilation and a passenger lift. The property benefits from rights to 30 car parking spaces.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Third - North Wing Third - South Wing
Office Office
265.33 sq m 248.51 sq m
(2,856 sq ft) (2,675 sq ft)
H H ASSOCIATES LIMITED (1)
3 years from 01/03/2016
£40,000
28/02/2019
Ground - North Wing Ground - South Wing
Retail/Leisure Retail/Leisure
232.25 sq m 267.56 sq m
(2,500 sq ft) (2,880 sq ft)
VACANT POSSESSION
First - North Wing First - South Wing
Office Office
265.60 sq m 251.76 sq m
(2,859 sq ft) (2,710 sq ft)
VACANT POSSESSION
Second - North Wing Second - South Wing
Office Office
264.30 sq m 248.79 sq m
(2,845 sq ft) (2,678 sq ft)
VACANT POSSESSION
Total
2,044.1 sq m
(22,003 sq ft)
£40,000
(1) HH Global was founded in 1991 as an independent print manager in London. It has become the global marketing execution powerhouse to some of the world’s largest brands. They currently have 35 offices across the world with 850 employees connected across 43 countries (Source: www.hhglobal.com). The tenant benefits from parking spaces under separate licence, co-terminus with the lease.
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court 12 King Street Leeds LS1 2HL
