1 Navigation Walk
Bridge Street
Wakefield
West Yorkshire
WF1 5RH

Freehold Office Investment

  • New build office comprising 18,390 sq ft of high specification accommodation and secure undercroft car parking
  • Majority let to Spectrum Community Health C.I.C. until 2023
  • Forms part of Wakefield’s waterfront regeneration scheme
  • Asset management potential with 6,130 sq ft offered with vacant possession
  • Lot
    10
  • Auction
    07/Dec/2017
  • Rent
    £116,470 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,300,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major PLC
Important Property Update
  • 1 Navigation Walk<br>Bridge Street<br>Wakefield<br>West Yorkshire<br>WF1 5RH
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Property Information

Location
Miles
10 miles south of Leeds, 24 miles north of Sheffield
Roads
A61, A638, M1 (Junction 39), M62 (Junction 31)
Rail
Wakefield Kirkgate
Wakefield Westgate Rail
Air
Leeds/Bradford Airport
Situation

Wakefield is a popular city located in West Yorkshire just off the M62 and M1 Motorways. The property forms part of the Waterfront Wakefield regeneration scheme, located in the southern area of the city, with frontage to the River Calder and Calder & Hebble Waterway. The development is accessed from Bridge Street via Marsh Way from the City Centre. Waterfront Wakefield is a mixed use development including Hebble Wharf, a 100 unit residential building, Navigation Warehouse and 2 Navigation Walk which is currently occupied by a call centre. Waterfront Wakefield has a dedicated stop for the free bus allowing easy access to the city centre and Westgate Train Station every 10 minutes.

Tenure

Freehold.

Description

The property comprises a new build, four storey office development comprising three self-contained office suites over first, second and third floors with ground floor reception area and undercroft parking for 16 cars. The office accommodation has been built to a high specification standard, including comfort cooled 3 pipe VRF heat recovery system, recessed LH7 luminaire lighting, full raised floor and two passenger lifts.

Please note that Navigation Warehouse is being offered as Lot 41 in this catalogue.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

Buyer's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Third
Second
15 Car Parking
Spaces
Office
Office
569 sq m
569 sq m
(6,130 sq ft)
(6,130 sq ft)
SPECTRUM
COMMUNITY
HEALTH C.I.C. (1)
8 years from
01/06/2015
£116,47031/05/2023
FirstOffice
569 sq m
(6,130 sq ft)
VACANT
POSSESSION
   
GroundReception/
Parking
COMMON PARTS   
Totals
1,707 sq m
(18,390 sq ft)
  £116,470 

(1) Spectrum Community Health C.I.C. is a social enterprise that delivers a range of community and offender healthcare services on behalf of the NHS, Local Authority Public Health services and other partners. (Source: www.spectrumhealth.org.uk 08/11/2017). For the year ending 31st March 2016, Spectrum Community Health C.I.C. reported a turnover of £22,029,670, pre-tax profits of £312,411 and a total net worth of £1,371,719 (Source: Experian Group 08/11/2017).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    07.12.17
    File Size
    51 MB
    Login to View
  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    14.11.17
    File Size
    919 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Walker Morris LLP Kings Court
12 King Street
Leeds
LS1 2HL
Jacqueline Judson +44 (0)113 283 2646Jacqueline.judson@walkermorris.co.uk

Useful Links

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