5-7, Wood Street, Wakefield

Property details

• 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 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.