Summary - 5, Wainhouse Road, HALIFAX HX1 3RT
1 bed 1 bath Light Industrial
Large income potential from vacant workshops and stable residential rents.
Substantial stone-built mixed residential and commercial terrace
A substantial stone-built mixed-use terrace arranged as four fully let residential mid-terraces and three commercial warehouse/workshop units. The residential element consists of long-standing tenants producing a combined current rent of £18,600 per annum. Two commercial units (Andrew Works and Unit 2) are currently vacant; Unit 2c/2d is let to Fern-Lea Glazing.
The site totals about 10,815 sqft of internal floorspace, offering clear scope to increase rental income by re-letting or refurbishing the vacant commercial units. Construction is robust Victorian stonework with practical features such as steel roller shutters, loading access and basic office/amenity provision in the larger warehouse unit.
Buyers should note material negatives: the surrounding area is classified as very deprived with high local crime levels, and some commercial spaces require refurbishment before re-letting. Tenure is not confirmed. The plot is relatively small for the overall building footprint, so external expansion potential is limited.
This asset suits investors targeting value-add industrial/residential income in an established urban location. The combination of fully let housing income, vacant commercial floorspace and strong physical presence gives straightforward asset management and rental-growth opportunities for a hands-on purchaser prepared to manage tenancy and refurbishment works.
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