Properties for sale - South Parade, Wakefield

Description:

The trustees of the Hollies Pension Fund are selling their holding within this office accommodation.

Term:

The property is let for a term of 25 years to the Crown Court Prosecution Service for Yorkshire & Humberside. the lease is a full repairing and insuring lease which is dated 29th September 1990 (expiring 28th September 2015).

Tenant:

Crown Court Prosecution Service.

Location:

The building is located in a leafy area of Wakefield, which overlooks parkland area. The property has residential conversion potential and it is noted that a number of neighbouring properties have already been granted consent to revert back to what would have originally been a Georgian terrace of residencies.

Yield:

6.0% per annum

Price:

£67,000 (This amount is also available in smaller lots, the minimum being £25,000). This represents 4.167% of the existing syndicate.