UNION SQUARE, WAKEFIELD, WF1 1TT

The property comprises a detached retail unit built in brick with a rendered covering under a profiled metal sheet roof. There are aluminium seamless gutters and metal fall pipes. There is a powder coated and aluminium glazed shop window with security shutters and 2 car parking spaces.

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The property in a commercial locality, opposite the Health Centre and adjacent to industrial property, within close walking distance of the centre of Wakefield, with a good range of shops and other amenities. Wakefield Railway Station is within close proximity.

The property benefits from mains water, drainage and electric. No test of the services has been made. Purchasers should rely on their own investigations.

The property has been used as a Pharmacy for some time. The property is in retail use. Purchasers should rely on their own enquiries with regards to change of use with the local authority.

The property has the below entry in the 2023 Rating Assessments List. Interested parties should confirm these with the Local Authority.

Rateable Value (2023): £14,000

Estimated rates payable: £7,000

Purchasers may benefit from small business rate relief and the appropriate enquiries should be made to Wakefield City Council.

The current tenants are seeking to assign the balance of their lease which is a term expiring on 24th July 2023 at an annual rent of £13,500 per annum. There is an option to break the lease in 2026 and 2029 subject to giving, not less than, 3 months’ notice. The lease is held on full repairing and insuring terms.

The tenant will be responsible for a share of the landlords legal costs and the current tenants legal costs in respect of the assignment.

Our client advises that VAT is not chargeable on this transaction. Your legal advisors should verify.