Summary - 49a, Bradford Road, WAKEFIELD WF1 2AA
1 bed 1 bath Mixed Use
Large mixed-use investment with store income and four flats, near-term reversion potential..
Prominent Bradford Road retail frontage let to One Stop Stores Ltd
Ground/lower ground convenience store producing £20,000pa
Four residential units; three tenanted, one vacant (available £625pcm)
Potential gross income c. £44,180pa assuming vacant flat let
Total area c. 5,710 sq ft; large plot with rear parking/loading
Retail lease tenant repairing; retail lease renews in 2026
Flat areas from EPCs; flats not internally inspected — survey needed
Tenure unknown; VAT not elected, shop rateable value £17,000
This large, prominently sited mixed-use building on Bradford Road offers a clear income-producing opportunity for investors seeking retail and residential income under one roof. The ground and lower ground floors are occupied mainly by a convenience store let to One Stop Stores Ltd (Tesco group), producing £20,000pa, with a lease in place to 2026 on tenant internal repairing and insuring terms. Four residential units above currently produce £16,680pa from three ASTs; one flat is vacant and available to let at c. £625pcm, taking potential gross income to c. £44,180pa.
The property footprint is substantial (total 5,710 sqft) with parking and loading to the rear and short-stay on-street bays to the front, supporting both the retail use and the flats. Practical details helpful for underwriting are provided: the retail element has a rateable value of £17,000, the residential units are in council tax Band A, and the property is not elected for VAT. Some floor areas for the shop were supplied by the tenant and flat areas are taken from EPCs; the flats have not been internally inspected.
Investment considerations: income is immediate and diversified across retail and residential, and there is short-term reversion potential from the vacant flat and when the retail lease is reviewed/renewed in 2026. Material cautions include the retail lease structure (tenant internal repairing), the approaching lease renewal, incomplete internal inspection of flats, and tenure not specified in the sale particulars — all of which require survey and legal due diligence. Internal access will be available only after a conditional sale is agreed.
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