Navigation Warehouse, Navigation Walk
Bridge Street
Wakefield
West Yorkshire
WF1 5RH

Freehold Office Investment

  • Iconic Grade II listed waterfront warehouse
  • Refurbished to high specification to provide office and retail accommodation
  • Entire third floor let to HH Associates Limited
  • Forms part of Wakefield’s Waterfront regeneration scheme
  • Asset management potential with 16,472 sq ft offered with vacant possession
  • Lot
    41
  • Auction
    07/Dec/2017
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Plc
  • Navigation Warehouse, 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 and 1 & 2 Navigation Walk which are currently occupied by a call centre and Spectrum Community Health. Waterfront Wakefield has a dedicated stop for the free bus allowing easy access to the city centre and Westgate Rail Station every 10 minutes.

Tenure

Freehold.

Description

The property is a four storey Grade II listed former warehouse, refurbished to a high specification to provide a ground floor retail unit and six self-contained office suites over first, second and third floors. The office accommodation benefits from new vertical circulation core
with oak glass staircase, full access raised floors, natural ventilation and a passenger lift. The property benefits from rights to 30 car parking spaces.

Please note that 1 Navigation Walk is being offered as Lot 10 in this catalogue.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

Bidder'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 - North Wing
Third - South Wing
Office
Office
265.33 sq m
248.51 sq m
(2,856 sq ft)
(2,675 sq ft)
H H ASSOCIATES
LIMITED (1)
3 years from
01/03/2016
£40,00028/02/2019
Ground - North Wing
Ground - South Wing
Retail/Leisure
Retail/Leisure
232.25 sq m
267.56 sq m
(2,500 sq ft)
(2,880 sq ft)
VACANT
POSSESSION
   
First - North Wing
First - South Wing
Office
Office
265.60 sq m
251.76 sq m
(2,859 sq ft)
(2,710 sq ft)
VACANT
POSSESSION
   
Second - North Wing
Second - South Wing
Office
Office
264.30 sq m
248.79 sq m
(2,845 sq ft)
(2,678 sq ft)
VACANT
POSSESSION (2)
   
Totals
2,044.1 sq m
(22,003 sq ft)
  £40,000 

(1) HH Global was founded in 1991 as an independent print manager in London. It has become the global marketing execution powerhouse to some of the world’s largest brands. They currently have 35 offices across the world with 850 employees connected across 43 countries (Source: www.hhglobal.com). The tenant benefits from parking spaces under separate licence, co-terminus with the lease.
(2) The landlord is currently in discussions with Strava Video Limited with regard to taking a lease of the south wing on the second floor.

Property Documents

  • Site Plan
    Updated Date
    14.11.17
    File Size
    780 KB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    1 MB
    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

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