Spacious Wakefield showroom with parking — leasehold, short term and high ground rent..
Prominent city-centre storefront with two retail frontages
A prominent single-story high-street showroom in Wakefield city centre, offering generous open-plan retail space and seven front parking spaces. Built c.1960 and extended later, the property totals approximately 2,750 sqft (255.5 sqm) across two adjoining frontages with ancillary storage and staff accommodation — previously used as a car dealership and carpet showroom.
This leasehold opportunity is priced for purchase at £150,000, but carries material constraints: the lease expires 30 September 2042 (c. 17 years remaining) and a current ground rent of £9,800 pa. The short remaining term and high ground rent are likely to restrict financing options; many mortgage lenders may refuse to lend on this interest.
Situated on Garden Street with visibility from the A638 and close to main shopping centres, the location offers strong passing trade and fast connectivity to the M1 and M62. The property sits in a very deprived area with very high local crime rates — factors that buyers should weigh against the prominent frontage and seven parking spaces.
Suitable for an investor able to purchase in cash, an owner-occupier with no mortgage requirement, or a buyer planning refurbishment or alternative Class E uses (subject to council confirmation). Lease obligations require tenant responsibility for outgoings and repairs; an energy performance assessment is pending.
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