£750,000
(£185.92/sq. ft)
Property for sale5-7, Wood Street, Wakefield WF1
4,034 sq. ft
Available immediately
Freehold
About this property
Mixed Commercial & Residential Investment
Popular City Centre Location
Ground Floor Bar & 5 Self Contained Apartments
Gross Rental Income Of £67,600 pa
Attractive Gross Yield Of 9.01%
The property is situated on a principal retail thoroughfare within Wakefield city centre, forming part of the primary shopping area and benefiting from flows between Westgate and the central retail core around Kirkgate, Cheapside and the Ridings Shopping Centre. The surrounding area comprises a mix of national and independent retailers together with café, restaurant and leisure uses.
Wakefield lies approximately 12 miles south of Leeds and 10 miles east of Huddersfield, with good road connectivity via the A650 and proximity to the M1 and M62 motorways.
The property comprises a mid-terrace, mixed-use building arranged over ground and two upper floors with rendered elevations beneath a pitched roof. A rear extension provides additional accommodation and is surmounted by a mono-pitched roof.
The ground floor is fitted out as a restaurant/bar trading as The Hilton Lounge, with a modern glazed shopfront and full-height display windows. The upper floors provide self-contained residential accommodation comprising five modern flats (a mix of one- and two-bed units), accessed independently from Wood Street.
The ground floor is let to The Hilton Lounge Bar at a passing rent of £25,000 per annum, with the lease expiring on 8 January 2030.
The upper floors comprise five self-contained flats. Apartment 1 is a two-bedroom, one-bathroom unit let on a rolling contract since October 2024 at £700 pcm. Apartment 2 is a one-bedroom, one-bathroom unit let on a rolling contract since May 2023 at £650 pcm. Apartment 3 is a two-bedroom, one-bathroom unit let on a rolling contract since March 2025 at £750 pcm. Apartment 4 is a two-bedroom, two-bathroom unit which is currently renting at £800 pcm. Apartment 5 is a one-bedroom, one-bathroom unit let on a rolling contract since August 2025 at £650 pcm.
Mixed Commercial & Residential Investment
Popular City Centre Location
Ground Floor Bar & 5 Self Contained Apartments
Gross Rental Income Of £67,600 pa
Attractive Gross Yield Of 9.01%
For further information or should you wish to arrange a viewing, please contact the sole letting/selling agents:
Fortune Nguwo Email:
Henry Smith Email:
Wakefield lies approximately 12 miles south of Leeds and 10 miles east of Huddersfield, with good road connectivity via the A650 and proximity to the M1 and M62 motorways.
The property comprises a mid-terrace, mixed-use building arranged over ground and two upper floors with rendered elevations beneath a pitched roof. A rear extension provides additional accommodation and is surmounted by a mono-pitched roof.
The ground floor is fitted out as a restaurant/bar trading as The Hilton Lounge, with a modern glazed shopfront and full-height display windows. The upper floors provide self-contained residential accommodation comprising five modern flats (a mix of one- and two-bed units), accessed independently from Wood Street.
The ground floor is let to The Hilton Lounge Bar at a passing rent of £25,000 per annum, with the lease expiring on 8 January 2030.
The upper floors comprise five self-contained flats. Apartment 1 is a two-bedroom, one-bathroom unit let on a rolling contract since October 2024 at £700 pcm. Apartment 2 is a one-bedroom, one-bathroom unit let on a rolling contract since May 2023 at £650 pcm. Apartment 3 is a two-bedroom, one-bathroom unit let on a rolling contract since March 2025 at £750 pcm. Apartment 4 is a two-bedroom, two-bathroom unit which is currently renting at £800 pcm. Apartment 5 is a one-bedroom, one-bathroom unit let on a rolling contract since August 2025 at £650 pcm.
Mixed Commercial & Residential Investment
Popular City Centre Location
Ground Floor Bar & 5 Self Contained Apartments
Gross Rental Income Of £67,600 pa
Attractive Gross Yield Of 9.01%
For further information or should you wish to arrange a viewing, please contact the sole letting/selling agents:
Fortune Nguwo Email:
Henry Smith Email:
Mortgage calculator
Monthly repayment
£3,751 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}