Unit 1, Appleton Court, Thomas Maddison Lane, WF2

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Key Points

Summary

A well let office Investment on this popular and conveniently located business park just off J39 of the M1

Description

Unit 1, Appleton Court comprises a modern two storey brick built end terrace office building set within a pleasant landscaped business park environment overlooking a central lake feature. The office space benefits from a modern specification and an exceptional car parking ratio of 15 spaces.

Location

Appleton Court is situated just off Junction 39 of the M1 within the Calder Park development, a popular and well established commercial location. The property is approximately 1.4 miles East of Wakefield city centre and 13 miles South of Leeds city centre. The property offers easy access to the national motorway network.

Viewings

Viewings are by prior appointment with sole agents WSB - Contact: David Watson 07733 895929 or Robin Beagley 07733 895927

Terms

Unit 1 Appleton Court is offered for sale long leasehold 999 years (nil ground rent) with the benefit of the existing leases at a price of £300,000 + VAT representing an attractive net initial yield of 9.76% after purchasers costs of 3.33%.

Availability_text

The accommodation comprises the following areas:

Leases & Rent

The property is let to 2 tenants on FRI leases as follows:

•Ground floor - Let to Nord Gear Ltd until 19 November 2028 at an annual rent of £13,902 + VAT (£14 sq.ft)
•First floor - Let to AEM Building Services Ltd until 5 December 2026 at an annual rent of £16,335 + VAT (£13.50 sq.ft)
•TOTAL RENT = £30,237 per annum exclusive

Further lease and tenancy details available upon request.