UK - NAT INV LEE - HUDSON QUARTER
Waverley Hudson Quarter, York, North Yorkshire, YO1 6AD, UK
IDR 282,277,775,000 | 3,601 m²
High Yielding Multi-Let Offices with Government Income
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