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Agent's details

Unit C2, Telford Way, Wakefield 41 Industrial Estate, Wakefield, West Yorkshire, WF2 0XW

For sale: £3,900,000.00|37,118 Sq Ft|Warehouse, General Industrial, Other, Industrial, Other Property Types & Opportunities

Property details

FOR SALE£3,900,000.00
SIZE37,118 Sq Ft
ADDRESSUnit C2, Telford Way, Wakefield 41 Industrial Estate, Wakefield, West Yorkshire, WF2 0XW
TYPEWarehouse, General Industrial, Other, Industrial, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON11th October 2023

Description

The property is located on the well established Wakefield 41 Industrial Estate, which is recognised as one of the prime locations within the Yorkshire distribution market. It benefits from excellent connectivity, situated between Leeds and Wakefield, just off Junction 41 of the M1, which is one junction below the M1 / M62 intersection. It comprises a modern warehouse unit, with an adjacent two storey office, and a secure yard and car park. The warehouse unit is of 2 storey steel portal frame construction, with brick / block cladding at lower level, and profile metal cladding above. The haunch height is 6.7m and eaves 7.6m. There are LED and strip lighting, together with hot air blower heaters in the warehouse area. Loading access is via 3 dock and 2 ground level doors. The office section provides high quality accommodation over 2 floors, mainly open plan, with some individual offices and meeting rooms. Externally, the service yard is concrete surfaced, and secured by way of hinged palisade gates. There are 40 car parking spaces.

Location Highlights

Prime Yorkshire warehousing and distribution location on the Wakefield 41 Industrial Estate, just off Junction 41 of the M1 Motoway.

Specification

EPC

The property has just been assessed, and has a rating of C58. Documentation is available on request.

Services and Planning

Viewing

Bullets Points 1

A single modern steel portal frame warehouse unit extending to a GIA of 37,118 sq ft.

Bullets Points 2

Secure self contained site, with the unit having an eaves height of 7.6m, 3 dock level and 2 ground level access doors, and a 2 storey office section.

Bullets Points 3

The property will be sold with a new FRI lease (with a Schedule of Condition) for a term of 10 years, at an annual rent of £270,000 (£7.27 psf).

Bullets Points 4

Freehold.

Bullets Points 5

Offers are invited in the region of £3.9M, subject to contract and exclusive of VAT. This price reflects a Net Initial Yield of 6.5%, and purchasers costs of 6.53% and a capital value of only £105 psf.

Bullets Points 6 Key Features - A single modern steel portal frame warehouse unit extending to a GIA of 37,118 sq ft. - Secure self contained site, with the unit having an eaves height of 7.6m, 3 dock level and 2 ground level access doors, and a 2 storey office section. - The property will be sold with a new FRI lease (with a Schedule of Condition) for a term of 10 years, at an annual rent of £270,000 (£7.27 psf). - Freehold. - Offers are invited in the region of £3.9M, subject to contract and exclusive of VAT. This price reflects a Net Initial Yield of 6.5%, and purchasers ( Agency Pilot Software ref: 115001 )

Location

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Location: Unit C2, Telford Way, Wakefield 41 Industrial Estate, Wakefield, West Yorkshire, WF2 0XW

Outwood (0.6 miles)

Wakefield Westgate (2.4 miles)

Wakefield Kirkgate (2.9 miles)

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