Woodhead Investment and Development Services Ltd have been involved in a number of deals in the centre of Wakefield towards the end of the year. Chairman Melvyn Woodhead states that he is confident in the city and its continued prosperity with the recently developed and highly regarded Trinity Walk Development enhancing its retail prominence and national perception.
Woodheads have recently acquired the freehold investment 9-11 Northgate let to Ladbrokes on a 10 year lease at a current rental of £48,500 per annum. Woodheads were advised by Malcolm Stuart Property Consultants LLP on this off market purchase whilst the vendors a pension scheme were advised by Knight Frank.
On the letting side a new 11 year lease on 30-32 Westgate has recently been agreed with Specsavers creating a double unit at a total rental of £90,000 per annum.
On the office front Johnston Press trading as Wakefield Express have relocated into Suites 1 and 2 (Approximately 3,000 sq.ft) on the First Floor of Bull Ring House. Woodheads were advised Vickers Carnley and Johnston Press by Fox Lloyd Jones.
Company Secretary David Woodhead commented “We are involved in a number of on-going lettings within the city which are expected to complete by the new year. We are expecting further activity in terms of new lettings once the recovery from the recession moves forward.”