Summary - 148-150, KIRKGATE WF1 1TU
7 bed 1 bath Mixed Use
**Key Features:**
- Mixed-use property with ground floor restaurant and six residential flats
- Total annual income of £45,096
- Ground floor restaurant let at £15,000 p.a., increasing to £20,000 p.a. in 2027
- Close to amenities and Wakefield Kirkgate railway station
- Freehold tenure with established tenants
- Renovation potential and urban setting
**Property Summary:**
Introducing a prime mixed-use investment opportunity located at 148-150 Kirkgate, Wakefield. This property comprises a bustling ground-floor restaurant, currently generating a solid income, along with six well-let residential flats above. The restaurant is positioned on a vibrant street and benefits from a long-term lease, promising increased rental income in the coming years. The upper-level residential flats are fully occupied with reliable tenants, ensuring a steady revenue stream of £30,096 annually.
The building offers a Victorian-style charm with potential for further enhancement or renovation to maximize its value. Situated in the heart of Wakefield city center, it enjoys proximity to numerous amenities, parks, and well-regarded schools, making it appealing to both tenants and visitors alike. Note, however, that the local area experiences a high crime rate, which may be a consideration for potential buyers.
This exciting opportunity blends commercial and residential appeal, perfect for savvy investors looking to capitalize on Wakefield’s urban growth. Explore the possibilities today and secure your stake in this promising asset.
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