Offers Around £240,000

Cheapside, Wakefield

  • Mixed use investment property
  • Freehold sale
  • Fully tenanted achieving £19,500/annum
  • Retail unit to ground floor
  • 2 self contained flats above
  • Recently upgraded and modernised
  • Wakefield City Centre location

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Property Floorplan

Property Location

Typical monthly mortgage repayment with Mortgage Advice Bureau: £936

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Property Details

Offers are invited for this well presented mixed use freehold investment property which currently achieves in the region of £19,500 per annum. The City Centre property comprises a self contained retail unit on the ground floor and 2 flats above with separate communal entrance at ground level. The property is located on Cheapside, close to a number of solicitors and independent businesses and popular with tenants looking for city living with good commuter links.


Self contained retail / office premises comprising reception area, private office and WC. The shop is currently used for a medical clinic as a Baby Scan Centre and the current tenants have been there since 2017. The current 10 year registered all repairing lease was taken out on 18.12.2020 at £662.50 per month (£7950 per annum) with the next review date in 3 years time. The tenant also contributes towards the buildings insurance. Please refer to the floor plan for approximate room sizes and layout.

Both flats were converted in 2017 with planning permission granted for the conversion and have been rented out since then. Both flats are let on 6 month Assured Shorthold Tenancies at £475 per calendar month.

First floor one bed flat comprising an open plan kitchen / living room, bedroom and shower room. Please refer to the floor plan for approximate room sizes and layout.

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