Block Of Four Units, 1-3 Marygate/ 34-38 Little Westgate, Wakefield, West Yorkshire WF1 1PA

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Property Details

Location

Auction Details

Description

The property comprises a part single, part 3 storey block plus basement areas, providing accommodation of approximately 316 sq m (3,393 sq ft) currently arranged as 4 retail units, with intertwining accommodation between the units, one of which is let detailing a total annual income of £5,000. The occupied elements trades as a Florists with the now vacant units previously operating as a dancewear shop, a bakery/tea room and an appliance shop.

Location

Located in Wakefield city centre at the western end of the pedestrianised section of Westgate and also with a frontage to Marygate which leads into Westgate, forming part of the A642 and in close proximity to all major routes serving Wakefield city centre also including Wood Street and Northgate, and in close proximity to Wakefield Westgate train station.

Accommodation

1 Marygate

Glazed retail frontage onto Westgate and small L shaped ground floor retail area. Welfare facilities comprise a w.c. located within a kitchen area on the ground floor. Staircase leads to second floor ancillary/storage area (the first floor is effectively taken up by 36 Little Westgate). There is also a basement area which hasn't been inspected.

3 Marygate/38 Little Westgate

Adjacent to No.1 Marygate and with a glazed frontage onto Marygate and Little Westgate. Ground floor retail area including a suspended ceiling with inset lighting but no heating, including basement/ cellar ancillary areas in providing w.c. and store's.

34 Little Westgate

Small retail unit with ground floor trading area and first floor ancillary (second floor above forms part of 36 Little Westgate), with access to the first floor and an uninspected basement.

36 Little Westgate

Vacant and previously occupied as a cafe with accommodation
arranged over ground, first and second floors, and extending in between the
ground and first floor of 1 Marygate and over part of 34 Little Westgate.

UNIT	DESCRIPTION	SQ M	SQ FT
1 Marygate	Ground Floor Retail/ Ancillary	49.76	535
1 Marygate	Second Floor Ancillary	36.86	396
3 Marygate	Ground Floor Retail	44.50	478
3 Marygate	Basement Ancillary (estimated)	41.80	450
36 Little Westgate	Ground Floor Retail	15.20	163
36 Little Westgate	First Floor Ancillary (inc kitchen area)	50.20	540
36 Little Westgate	Second Ancillary	31.00	333
34 Little Westgate	Ground Floor Retail	15.50	166
34 Little Westgate	First Floor Ancillary	15.50	166
34 Little Westgate	Basement Store	15.50	166
Total		315.82	3,393

Approx Site Area

The site extends to approximately 200 sq m.

Tenure

Unknown

Tenancy

36 Little Westgate	Conservatory Tea rooms and Bakery	Vacant
34 Little Westgate	Florists	£5,000 PA until 31st January 2023
38 Little Westgate	Domestic Appliance Shop	Vacant
1 Marygate	Former Dancewear Shop	Vacant

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 21ST FEBRUARY AND CLOSES ON WEDNESDAY 22ND FEBRUARY.

3. There is a flying freehold extending over part of the ground floor of 38 Little Westgate which butts up to the first floor of 1 Marygate / 36 Little Westgate.

4. Some units and areas have no heating and suffer from water ingress.

5. The basement of 3 Marygate/38 Little Westgate is currently propped to reflect some structural issues. The props will remain in situ and form part of the sale.

6. 1 & 3 Marygate are Grade 2 listed according to the Historic England website. Interested parties are advised to make their own enquiries in this regard.

7. 36 Little Westgate: the whole of the electrical infrastructure has been isolated and is unusable and has been de-energised and there is insufficient fire compartmentalisation.

8. Please note that no access will be granted to the basement of 1 Marygate.

Addendum

The appliance shop lease has been surrendered and is now vacant.