Commercial Property For Sale Portobello, Wakefield 🏡

commercial property for sale portobello, wakefield

Located on the bustling high street of up and coming Portobello is this fully let three storey commercial building comprising 3 individual ground floor retail units and 2 office suites above. ​Unit 1 is currently occupied by a busy café, bringing in reliable foot traffic from the local community and visitors alike. Unit 3 has most recently been home to a vibrant gift shop catering to the surrounding affluent demographic. With the option to divide if needed, these provide 800 sq ft of collaborative working area commanding value per annum. Convenient parking is available on nearby side streets.  This highly visible building in the heart of the action captures a captive customer base with exceptional 3.6% net initial yield. Offering security of strong existing income with scope for uplift, plus long leases with built in rent reviews, this is an exceptional chance to capitalise on the commercial redevelopment of a historically prosperous market town. Early viewings are strongly recommended for this rare freehold investment opportunity.

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