Summary - 18, THE SPRINGS WF1 1QE
1 bed 1 bath Office
**Key Features:**
- Prominent mixed-use property in Wakefield’s city center
- Ground floor retail space currently renting for £10,500 annually
- Upper floors vacant, offering potential for conversion or lease
- Total net floor area: 1,471 sq ft across three floors
- Urban location with excellent transport links
- Existing planning use likely falls within Class E
**Summary:**
Seize a prime commercial investment opportunity with this mid-20th-century property located in the heart of Wakefield. Spanning 1,471 sq ft across three levels, the ground floor is currently leased, generating a steady income of £10,500 per annum, ensuring immediate cash flow for savvy investors. The upper floors remain vacant, allowing for renovation or repurposing, potentially enhancing rental returns. Positioned close to popular shopping areas and transport links, this property is surrounded by major retailers, providing a vibrant backdrop that can attract foot traffic and clientele.
While the immediate area faces high crime rates and significant deprivation, the fast broadband and excellent mobile signal present advantages for businesses. With existing planning use in Class E, prospective owners can easily adapt this space for various purposes, making this a versatile investment for future growth. Don’t miss out—properties of this caliber, with existing income and renovation potential, are a rare find in the current market!
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