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Calder Park 2,203 SF Office Condo Unit Offered at $399,718 in Wakefield WF2 7AR
INVESTMENT HIGHLIGHTS
- Well let investment to 2 tenants producing £30,237 p.a.
- Part of the popular Calder Park development
- Strong potential for future rental growth
- Long Leasehold 999 years
- Exceptional parking ratio with 15 spaces
- £300,000 a NIY of 9.76%
EXECUTIVE SUMMARY
Appleton Court is situated just off Junction 39 of the M1 within the Calder Park development, a popular and well established commercial location. The property is approximately 1.4 miles East of Wakefield city centre and 13 miles South of Leeds city centre. The property offers easy access to the national motorway network. Unit 1, Appleton Court comprises a modern two storey brick built end terrace office building set within a pleasant landscaped business park environment overlooking a central lake feature. The office space benefits from a modern specification and an exceptional car parking ratio of 15 spaces.
PROPERTY FACTS Sale Pending
| Total Building Size | 12,931 SF | Typical Floor Size | 6,465 SF |
| Property Type | Office (Condo) | Year Built | 2004 |
| Building Class | B | Lot Size | 40.99 AC |
| Floors | 3 | Parking Ratio | 1.16/1,000 SF |
| Total Building Size | 12,931 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 6,465 SF |
| Year Built | 2004 |
| Lot Size | 40.99 AC |
| Parking Ratio | 1.16/1,000 SF |
AMENITIES
- Courtyard
- Security System
- Reception
- Storage Space
- Air Conditioning
1 UNIT AVAILABLE
Unit Unit 1
| Unit Size | 2,203 SF | Tenure | Long Leasehold |
| Price | $399,718 | Cap Rate | 9.76% |
| Price Per SF | $181.44 | NOI | $39,012.43 |
| Condo Use | Office | No. Parking Spaces | 15 |
| Sale Type | Investment |
| Unit Size | 2,203 SF |
| Price | $399,718 |
| Price Per SF | $181.44 |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 9.76% |
| NOI | $39,012.43 |
| No. Parking Spaces | 15 |
DESCRIPTION
Total floor area of 2,203 sq ft (204.66 sq m) with a generous total of 15 car parking spaces which exceeds the normal ratio of 4 per 1,000 sq ft by a generous 6 additional spaces
SALE NOTES
Offers in excess of £300,000 (Three Hundred Thousand Pounds) for the 999 year long leasehold interest, subject to contract and exclusive of VAT. An offer at this level would reflect a net initial yield of 9.76%, assuming usual purchaser’s cost of 3.30%.
Presented by
Calder Park
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