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Retail Units & Shops

West Yorkshire

Wakefield

property

To Let

7 Westgate Wakefield, WF1 1JZ

Use Class

Size

1,148 sq ft

Rent pa

£24,500

Market Sector

Retail & Shopping Park

Description

Prime city centre shop

Westgate lies at the heart of Wakefield's retail offer and is the city's prime pedestrianised street.

The subject property occupies a prominent position on Westgate, close to the Cathedral Walk entrance to The Ridings Shopping Centre and therefore Primark, TK Maxx, and the Kitchen Food Court. Westgate occupiers nearby include Boots Opticians, TUI Travel and Waterstones.

Location

Wakefield is an established cathedral city situated c. 11 miles south of Leeds. This well connected city is served by 3 junctions of the M1 motorway and lies on the main East Coast rail line with London reached in c.2 hours.

The city has a strong retail offer with two shopping centres (The Ridings c.319,000 sqft and Trinity Walk c.500,000 sqft) lying either side of the Cathedral and pedestrianised Westgate/Kirkgate. Retailers including the likes of M&S, Boots, H&M, JD Sport, River Island and New Look are all represented.

Key Information

Viewing

Strictly by appointment.

Accommodation

1,148 Sq.Ft

The premises comprise the following approximate net floor areas:

Areas

Sq.Ft

Sq.M

Ground Floor Sales

1,148

106

Financial

Lease Term

The premises are offered on a new effective FRI lease for a term to be agreed, subject to upward only rent reviews every 5 years.

Rent

£24,500 per annum exclusive.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Vat

Unless otherwise stated all prices and rents are quoted exclusive of VAT. Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

Business Rates

We expect the property will be re-assessed on occupation but the figures should not exceed the following: Rateable Value (April 2023) £19,750.00 UBR (2023/2024) 49.9p Estimated Rates Payable (2023/2024) £9,855.25 Estimated Payable with Retail Relief £2,463.81 For further details visit www.voa.gov.uk or contact the local Rating Authority. The Rates Payable may be subject to small business and/or other reliefs.

Rates

Rateable Year:

2024

Rateable Value:

£19,750.00

Rates payable:

£9,855.00

UBR:

49.9p/£

Sustainability

Energy Performance Certificate

105

Energy Performance Certificate Information

The Energy Performance Asset Rating is Band E (105). A copy of the EPC is available for inspection if required.

Disclamier

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.