Long Leasehold (989 Years Unexpired) Retail Unit
47 Westgate, Wakefield, West Yorkshire WF1 1BW
£120,000 9 July 2025
GUIDE PRICE AUCTION DATE
A ground floor retail unit with basement level forming part of a mixed use four storey development known as ‘Exchange House’, constructed circa. 1970s of brick surmounted by a flat roof. The unit is currently being used as a restaurant, operating as a ‘Subway’ franchise, benefiting from air conditioning and occupying a prominent corner position with return frontage to Market Street. The property is set back from the road behind a wide pavement area and is located within Wakefield City Centre within the Upper Westgate Conservation Area, conveniently situated approximately 360 metres east of Wakefield Westgate Train Station, 2.2 miles east of Junction 40 of the M1, 8.5 miles south of Leeds City Centre and 12.8 miles south-east of Bradford City Centre. Wakefield is a cathedral city located in West Yorkshire with a population of circa 400,000 Tenancy Information Let trading as a Subway restaurant on a Full Repairing and Insuring (FRI) Lease for a term of 10 years from and including 19th August 2023 upto and including 18th August 2033 at a rent of £11,750 per annum, subject to tenant break clause on 18th August 2028 and rent review on 19th August 2028. It is understood that the tenants are exploring assignment of the lease.
Exchange House, 47 Westgate, WF1 1BW
Guide Price
£120,000
Auction Date
9 Jul 2025
Time
13:00
Venue
Online
Auctioneer
Cottons
Cottons
Cavendish House 359/361 Hagley Road Edgbaston Birmingham B17 8DL
0121 247 2233
About Cottons

Cottons are a Birmingham based independent firm of Chartered Surveyors operating from their excellent refurbished centrally located offices, they can cater for any property matter. The partners and staff at Cottons pride themselves in offering a wealth of experience and expertise in all property matters throughout the Midlands and further afield.