Mulberry House, Merchant Gate, Wakefield WF1 2TS

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