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Investment Highlights

  • Prime city centre site adjacent to Wakefield Westgate railway station.
  • £8 million confirmed public sector funding supporting delivery.
  • Target construction start Q2 2027 with completion anticipated Q3 2028.
  • 116-bedroom new-build hotel opportunity arranged across 5 floors.
  • Strong transport connectivity to Leeds, London and the national motorway network.

Executive Summary

The proposed development comprises a 116-bedroom hotel in a highly prominent city centre location, immediately adjacent to Wakefield Westgate railway station, benefitting from direct rail connections to London and key UK cities. The scheme has been selected by Wakefield Council as a priority regeneration project and is supported by up to £8 million of confirmed public funding, significantly de-risking delivery. The scheme forms part of a wider mixed-use vision for the area, with complementary retail, food & beverage, and residential uses planned nearby. Ion Developments have already undertaken positive pre-application engagement with the local planning authority, with a planning application targeted for submission in Q4 2026.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront
Building Size
4,209 SF
Building Class
B
Year Built
2013
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Frontage
319’ on Mulberry Way

Amenities

  • Automatic Blinds

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • 1,044 SF
  • -
  • Nov 2022

Costa Coffee is a multinational coffeehouse brand founded in 1971 in London by Bruno and Sergio Costa. Originally established as a coffee roastery supplying local businesses, the company expanded into retail operations with its first shop opening in 1981. Over subsequent decades, Costa Coffee broadened its footprint across the United Kingdom and internationally, becoming one of the largest coffee shop chains in the world. In 2019, the company was acquired by The Coca-Cola Company, marking a significant shift in its corporate ownership and global strategy. As part of this transition, Costa Coffee strengthened its presence not only through cafés, but also through self-serve Costa Express machines, ready-to-drink products, and at-home coffee formats. The brand operates as a privately held subsidiary within the Coca-Cola corporate structure. Its product range includes coffee, tea, bakery items, sandwiches, and cold beverages. Costa Coffee’s operational headquarters is located in High Wycombe, supporting its UK and international activities under the Costa Limited entity.

  • Retailer
  • 589 SF
  • -
  • Nov 2019

Greggs is a British bakery and food-to-go retailer founded in 1939 in Newcastle upon Tyne. The company began as a family-run bakery and expanded steadily through the post-war decades before accelerating growth through acquisitions in the 1970s and 1980s. Greggs later unified its regional brands under the national Greggs name. As consumer habits shifted, the company repositioned itself toward the food-on-the-go market, expanding its breakfast and takeaway ranges and reducing traditional bakery production. Greggs operates as a publicly traded company listed on the London Stock Exchange under the ticker GRG. The business continues to grow its estate, including high-street locations, convenience formats and drive-through sites. Its portfolio includes savoury products, sandwiches, pastries, and sweet bakery items, supported by centralised production facilities. Headquartered in Newcastle upon Tyne, Greggs remains one of the most widely recognised food retailers in the United Kingdom.

  • Harrisons Coffee
  • Retailer
  • 226 SF
  • -
  • May 2028
  • Mexi Bean Express
  • Retailer
  • 579 SF
  • -
  • Apr 2031
  • Vintoto
  • -
  • 226 SF
  • -
  • Jan 2023
  • Retailer
  • 905 SF
  • -
  • Nov 2019

TG Jones is a distinguished UK-based newsagent, bookseller and stationer, formerly operating under the WHSmith high-street and online model. Following its acquisition by Modella Capital in June 2025, the company retained the trusted blue-and-white branding and familiar retail environment. Headquartered in Swindon, TG Jones offers an extensive range of new books, newspapers, magazines, stationery, cards and toys under its “Toys “R” Us” partnership. The name “TGJones”, devised by Modella Capital, echoes the legacy of WHSmith while signalling a fresh chapter in British retail. With a focus on affordability, convenience and family-friendly appeal, TG Jones continues to serve communities across the UK, blending tradition with a contemporary retail experience.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services 1,044 SF - Nov 2022
Retailer 589 SF - Nov 2019
Harrisons Coffee Retailer 226 SF - May 2028
Mexi Bean Express Retailer 579 SF - Apr 2031
Vintoto - 226 SF - Jan 2023
Retailer 905 SF - Nov 2019

Nearby Major Retailers

Sainsbury's
Lloyds Bank
HSBC Bank Plc
NatWest
Virgin Money
Nando's
Sunbelt Rentals
Santander
ASDA
Morrisons
  • Listing ID: 40295384

  • Date on Market: 4/25/2026

  • Last Updated:

  • Address: Mulberry Way, Wakefield WF1 1XP

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