2 Burgage Square, Merchant Gate, Wakefield WF1 2TS_Property for Sale
2 Burgage Square, Merchant Gate, Wakefield WF1 2TS_Property for Sale
Mulberry Way, Wakefield, West Yorkshire, WF1 2TS, UK

2 Burgage Square, Merchant Gate, Wakefield WF1 2TS

Asset Description

High Yielding Multi-let Office & Retail Investment

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Attributes

Asking price
CHF 3,353,000
Building area net
2,691 m²
Occupancy
85%
Year built
2010

Media

Investment Highlights

2 Burgage Square is a premier mixed-use development within the high profile Merchant Gate development in central Wakefield

Occupying a highly prominent position, immediately adjacent to Wakefield Westgate Train Station

Comprising a modern multi-let property totaling 28,968 sq ft arranged across ground and two upper floors

Multi-let to 5 tenants with a WAULT of 5.75 years to expiry and 4.47 years to break

Tenants include Gravity Fitness, Morgan Sindall, SSG and Specsavers

Current rental income of £377,625.50 per annum including rental guarantees

216 car parking spaces held within the adjacent MSCP

The property is held freehold

We are instructed to seek offers in excess of £2,956,000, subject to contract and exclusive of VAT

A purchase at this level reflects an attractive Net Initial Yield of 12% and a very low capital value of £102 per sq ft

2 Burgage Square, Merchant Gate, Wakefield WF1 2TS 4_Property for Sale

Contact brokers

2 Burgage Square, Merchant Gate, Wakefield WF1 2TS (0 Properties)

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Last updated
14 Mar 2024