The Studios Colorado Way, Wakefield

Asking price of £799,950
For Sale

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Location

The property is located opposite the Xscape leisure and retail development at Junction 32

of the M62, providing very easy access to the motorway network to Leeds, Hull, York,

Wakefield and Sheffield. The building is less than 200m away from the Glasshoughton

railway station providing quick and easy access to Leeds city centre.


Description

A self-contained 2-storey modern brick-built office building set within ample grounds

providing very good car parking ratio. Internally the accommodation is of a high quality

with an impressive communal entrance facility and board room which can be hired by the

office tenants. Access to the building is through a keypad security entry system. The first

floor will be vacant on completion, with the ground floor let to two separate tenants (see

below). The building benefits from a generously-sized car park, with additional land with

potential for expansion/development (STP).


Accommodation

Measured in accordance with the RICS Property Measurement (incorporating International

Property Measurement Standards) 1st Edition, May 2015 the accommodation provides the

following approximate net internal areas:

Ground Floor 2198 sq ft (204.2m²)

First Floor 2511 sq ft (233.3m²)

Total 4709 sq ft (437.5m²)

There are understood to be 29 car spaces on site.


Terms

The property is available on a freehold basis subject to existing tenancies as outlined below

at a Guide Price of £799,950 plus VAT. VAT is applicable on this property.

Current Tenancies

Suite 2 let to Arch Chemicals Ltd, with lease expiring in December 2023. The current

passing rent is £12,750 p.a. on an internal repairing basis.

Suites 3 & 4 let to BCC Computing Ltd on terms which incorporate an annual break, at a

current passing rent of £8,900 p.a.

Total income at present is therefore £21,650 plus VAT p.a.


Business Rates

According to the Valuation Office Agency website, the suites have current 2017 rateable

values of:

Suite 1 £22,250

Suite 2 £7,900

Suite 3 £3,650

Suite 4 £3,000

Interested parties are advised to direct further enquiries to the local authority.

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