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

Mulberry House, Merchant Gate, Wakefield WF1 2TS

Asset Description

High Yielding Multi-Let Offices with Government Income

...

Attributes

Asking price
CN¥22,773,000
Building area net
1,164 m²
Occupancy
100%
Year built
2010

Media

Investment Highlights

Mulberry House forms part of the high profile Merchant Gate development in Wakefield

A Grade A office building totalling 12,530 sq ft arranged over ground floor level

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

Multi-let to 3 tenants including Wakefield Council, Pro Display TM and ATOS IT Services UK

The property is currently producing £245,490 per annum – 65% secured against Wakefield Council for a term certain of just under 15 years

100% let with 65% of the income benefitting from RPI rent reviews with a cap and collar review between 2.5% and 1% respectively (compounded annually).

The property provides 3 flexible suites, which are capable of further subdivision each with their own entrance

Providing a WAULT to expiry of 11.14 and to break of 10.10 years

The property is held by way of 4 Long Leasehold titles with a peppercorn

rent payable

Contact brokers

Mulberry House, Merchant Gate, Wakefield WF1 2TS (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
14 Mar 2024