Mulberry House, Merchant Gate, Wakefield WF1 2TS_Pand te koop
Mulberry House, Merchant Gate, Wakefield WF1 2TS_Pand te koop
Mulberry Way, Wakefield, West Yorkshire, WF1 2TS, UK

Mulberry House, Merchant Gate, Wakefield WF1 2TS

Activa beschrijving

High Yielding Multi-Let Offices with Government Income

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Attributen

Vraagprijs
€ 2.990.000
Netto gebouwoppervlakte
1.164 vierkante meter
Bezetting
100%
Bouwjaar
2010

Media

Investeringshoogtepunten

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 makelaars

Mulberry House, Merchant Gate, Wakefield WF1 2TS (0 Eigendommen)
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Laatst bijgewerkt
May 16, 2024