599-601 Wakefield Road, Waterloo, Huddersfield, Investment

Description

MIXED COMMERCIAL & RESIDENTIAL PROPERTY
Vacant double fronted retail unit with self-contained apartment above.
Suitable for investors or owner-occupiers.
Estimated rental value £31,600 pa.
Well positioned and benefiting from a high level of passing vehicular traffic.
Potential to convert the lower ground floor into self-contained apartment or offices.
Abundance of car parking available to rear.

The property comprises a mixed commercial and residential building which provides extensive ground floor retail accommodation with a self-contained flat above. The ground floor is a double fronted retail property which has formerly been occupied as an estate agents office and is available with vacant possession. It would be suitable for letting as a single unit, or alternatively division into 2 retail units for separate occupation. There is also scope of covert the lower ground floor, currently providing office, stores and staff kitchen into a self-contained apartment or separate office let. In addition, the first floor provides a good sized modern 2 bedroom flat which was subject to a conversion in 2021 and is currently let under an assured shorthold tenancy at £850 per calendar month. We are of the opinion that the retail premises have a market rent of £21,400 per annum, providing a gross rent of £31,600 per annum. The property includes an area of land to the rear providing an abundance of off-road car parking for the benefit of the building.