The property is located within Wakefield city centre approximately 9.5 miles south of Leeds and 38 miles north east of Manchester. Wakefield Westgate train station is within a short walking distance which has regular trains to Leeds, London and other key regional destinations.
The property is situated on the pedestrianised Little Westgate with the immediate area comprising of mostly retail and leisure throughout. The Ridings Shopping Centre and Trinity Walk are within a short walking distance of the subject property and Wakefield Cathedral is situated within metres of the property. The property is positioned within Wakefield’s proposed Cathedral Quarter Masterplan which is set to see a major regeneration of the city over the next 10-15 years. New homes, green and public spaces as well as leisure and hospitality are proposed to transform Wakefield as part of the longer-term regeneration plans for the city.
The property comprises a three storey former retail premises with ancillary office and storage accommodation upon the first and second floors. Additionally, the property enjoys a basement area for additional storage as well as access from both Little Westgate and Bread Street at the rear. The property is Grade II listed and situated within the conservation area of Wakefield. The property enjoys excellent frontage along Little Westgate and is suitable for a variety of commercial occupiers alongside the future residential opportunity upon the upper floors.
The property has the benefit of full planning permission to convert the first floor into a five-bed HMO and a four-bed HMO upon the second floor. The ground floor to remain as commercial fronting Little Westgate to deliver a mixed-use commercial scheme. Further details on the planning permission can be found on Wakefield Council Planning Portal with planning application number 25/02268/FUL. External and internal alterations under listed buildings consent have been granted under application number 25/02267/LBC which can also be viewed via the Wakefield planning portal.
The property currently benefits from The Wakefield Towns Fund - Cathedral Square Shop Improvement Grant Scheme. This funding offers 100% grant funding for external improvement works including replacement windows and ground floor retail facades. Expected grant value is currently £60k for this project. Interested parties are advised to undertake their own enquiries and due diligence regarding eligibility for any grants associated with the proposed development.
For further information please visit https://www.wakefield.gov.uk/regeneration/wakefield-city/towns-deal
We are instructed to receive offers in the region of £595,000 for the freehold interest with full vacant possession.
For further information about this property listing you can download the brochure or contact Jonathan Barker on 07432 534 668 or by emailing jonathan@barkerproperty.uk
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