Russell Street, Wakefield

PROPERTY DETAILS
Now offered for sale is this modern industrial / warehouse / commercial unit offering 5500sq ft of useable floor space including heavy duty mezzanine storage covering the majority of the internal areas. The unit is offered for sale freehold with vacant possession and would be ideal for both an investor or owner occupier. The property benefits from an enclosed yard / carpark area to the front, 2 high vehicle access doors with electric roller shutters and 3 phase electric. The property is situated on Russell Street within the busy Thornes Lane industrial area close to the centre of Wakefield and centrally located to allow easy access to the M1, M62 and A1M motorway networks.

SIZE
The Valuation Office lists the property as having a net internal floor area of 516m2 (5553 sq ft) and our measurements of the building agree with this figure. Please refer to the floor plans which show the approximate room areas and layout.

TENURE
Freehold with vacant possession upon completion.

VAT
We are advised that the agreed sale price will not be subject to VAT at the standard rate.

RATEABLE VALUE
The rateable value, effective from 1st April 2023 is £26,750. Note that the current valuation includes for 3 storage containers within the carpark which have now been removed and a revaluation is required. We therefore estimate that upon revaluation the rateable value will be in the region of £26,250.