£320,000
Description

Castleford – Freehold Shop, Café and Leisure Investment

Unit - West Yorkshire

1-7 (Odd) Ferrybridge Road, Castleford, West Yorkshire WF10 4JQ

Freehold Shop, Café and Leisure Investment

 

Investment Consideration:

  • Purchase Price: £320,000
  • Net initial yield of approximately 11.82% assuming normal purchaser’s costs
  • Located on one of the town’s main shopping parades.
  • The property is arranged on ground and first floors providing two shop units, a snooker club and café with party room.
  • Property is amongst such retailers as Kwik Fit, Iceland, Argos and a number of local traders.
  • Approximately 5 years unexpired

 

Castleford:

Castleford is a market town with a population of some 39,000 and is located some 10 miles south-east of Leeds and 20 miles south-west of York. The town has good road communications, being adjacent to the M62 Motorway and A1(M).

Castleford is a town in the metropolitan borough of Wakefield.  The population of Wakefield is approx. 336,800 with an average gross disposable household income (GDHI) of £15,918 per head.

Looking at nearby property sales for Wakefield, from January 2017 to January 2018, the total value property sales were approx. £ 334 million and the total number of property sales 1,656 transactions.

 

Location:

The property is situated on the north side of Ferrybridge Road, at the roundabout junction with Bridge Street (A656).  Nearby occupiers include, Kwik Fit, Iceland, Argos and a number of local traders.

 

Description:

The property is arranged on ground and first floors providing two shop units, a snooker club and café with party room.

 

Accommodation:

The property has the following approximate dimensions and  net internal areas:

 

 

 

 

 

 

 

 

 

Tenancies:

 

 

 

 

 

 

 

 

 

Rental Value:

 

 

 

 

 

 

 

Service Charge:

There is a small quarterly service charge payable by all the tenants. Full details available on request.

 

Town Planning:

The property lies within Wakefield Council.

 

VAT:

We understand that the property is elected for VAT and anticipate that the sale will be handled as a TOGC.

 

EPC:

EPC information available on request.

 

Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct.  Neither a seller nor a landlord nor Blue Alpine Partners will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them.  If a property is unoccupied, Blue Alpine Partners may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold.  Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease.

Joseph Bachman
Investor Relations / Co-Investments
About Joseph Joseph Bachman is responsible for operations and investor relations within Blue Alpine Ltd.   A strategically minded Entrepreneur and Director, possessing a 10+ year demonstrable track record of creating revenue growth and shareholder value.  Expertise in International expansion, corporate restructuring, business development, sales and marketing strategies, financial management and fostering strong alliances.  Since May 2010, when he co-founded the women’s luxury brand Paolita, Joseph has collaborated with over 200 global fashion brands.  Prior 2010, Joseph worked in the private equity and hedge fund sectors as a consultant specialising in co-investment opportunities and fundraising.
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About Joseph

Joseph Bachman is responsible for operations and investor relations within Blue Alpine Ltd.   A strategically minded Entrepreneur and Director, possessing a 10+ year demonstrable track record of creating revenue growth and shareholder value.  Expertise in International expansion, corporate restructuring, business development, sales and marketing strategies, financial management and fostering strong alliances.  Since May 2010, when he co-founded the women’s luxury brand Paolita, Joseph has collaborated with over 200 global fashion brands.  Prior 2010, Joseph worked in the private equity and hedge fund sectors as a consultant specialising in co-investment opportunities and fundraising.