22 / 26 Lord Street & 10 / 14 Egerton Street Wrexham LL11 1LW

  • 22 / 26 Lord Street & 10 / 14 Egerton Street<br>Wrexham<br>LL11 1LW

22 / 26 Lord Street & 10 / 14 Egerton Street
Wrexham
LL11 1LW

Freehold Retail Parade Investment with Development Potential

  • Retail parade comprising five retail units and three office suites
  • Tenants include TUI UK Limited and British Heart Foundation
  • Residential development potential (subject to consents)
  • Nearby occupiers include Oxfam, William Hill, RBS and McDonald’s
  • Producing £49,500 per annum exclusive (with 5,182 sq ft offered with vacant possession)
  • Lot
    44
  • Auction
    28th March 2018
  • Rent
    £49,500 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Parade Investment with Development Potential

  • Retail parade comprising five retail units and three office suites
  • Tenants include TUI UK Limited and British Heart Foundation
  • Residential development potential (subject to consents)
  • Nearby occupiers include Oxfam, William Hill, RBS and McDonald’s
  • Producing £49,500 per annum exclusive (with 5,182 sq ft offered with vacant possession)
  • Lot 44
  • Auction 28th March 2018
  • Rent £49,500 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles south-west of Chester, 32 miles south of Liverpool, 50 miles south-west of Manchester
Roads
A525, A534, A483
Rail
Wrexham Central Rail
Air
Liverpool John Lennon Airport
Situation

Wrexham is a busy market town and one of the main commercial and administrative centres in North Wales. The property occupies a prominent corner position on the pedestrianised retailing pitch of Lord Street and the busy thoroughfare of Egerton Street. Nearby occupiers include Oxfam, William Hill, RBS and McDonald’s.

Tenure

Freehold.

Location
Miles
12 miles south-west of Chester, 32 miles south of Liverpool, 50 miles south-west of Manchester
Roads
A525, A534, A483
Rail
Wrexham Central Rail
Air
Liverpool John Lennon Airport
Situation

Wrexham is a busy market town and one of the main commercial and administrative centres in North Wales. The property occupies a prominent corner position on the pedestrianised retailing pitch of Lord Street and the busy thoroughfare of Egerton Street. Nearby occupiers include Oxfam, William Hill, RBS and McDonald’s.

Tenure

Freehold.

Description

The property is a substantial corner building comprising five ground floor retail units with first floor ancillary accommodation and self-contained office accommodation at the second floor. The office accommodation is currently arranged as three suites and is accessed via a separate entrance on Lord Street. The property benefits from a service yard and car parking to the rear.

VAT

VAT is applicable to this lot.

Planning

Draft plans have been submitted to Wrexham Council to convert the second floor to 4 x two bedroom apartments with balconies. Further information can be found in the legal pack

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property is a substantial corner building comprising five ground floor retail units with first floor ancillary accommodation and self-contained office accommodation at the second floor. The office accommodation is currently arranged as three suites and is accessed via a separate entrance on Lord Street. The property benefits from a service yard and car parking to the rear.

VAT

VAT is applicable to this lot.

Planning

Draft plans have been submitted to Wrexham Council to convert the second floor to 4 x two bedroom apartments with balconies. Further information can be found in the legal pack

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
12
Egerton St		 Ground
First		 Retail
Ancillary
68.81 sq m
51.93 sq m
(740 sq ft)
(558 sq ft)
 BRITISH HEART
FOUNDATION		 20 years from
16/10/1998		 £20,500 15/10/2013 (1)
(15/10/2018)
14
Egerton St		 Ground
First		 Retail
Ancillary
83.3 sq m
170.88 sq m
(896 sq ft)
(1,839 sq ft)
 TUI UK LIMITED 5 years from
21/05/2012		 £23,500 (Holding Over)
Suite 2 & 3 Second Office
298.03 sq m
(3,208 sq ft)
 INDIVIDUAL 4 years from
06/06/2014 (2)		 £5,500 (05/06/2018)
10
Egerton St		 Ground
First		 Retail
Ancillary
105.4 sq m
55.99 sq m
(1,134 sq ft)
(602 sq ft)
 VACANT
POSSESSION		      
24 Lord St Ground
First		 Retail
Ancillary
48.41 sq m
56.05 sq m
(521 sq ft)
(603 sq ft)
 VACANT
POSSESSION		      
26 Lord St Ground
First		 Retail
Ancillary
50.49 sq m
46.42 sq m
(543 sq ft)
(499 sq ft)
 VACANT
POSSESSION		      
Suite 1 Second Office
118.91 sq m
(1,280 sq ft)
 VACANT
POSSESSION (3)		      
Total  
1,154.62 sq m
(12,423 sq ft)
     £49,500  

(1) The 2013 rent review is outstanding.
(2) Suite 2 is let as a supplemental lease to Suite 3 at a nil rent.
(3) A draft lease has been issued to an Individual for a Tattoo Studio for a term of 4 years at a rent of £3,500 pa. This is conditional on a change of use from B1 to A1.

Contacts

Seller's Solicitors
Gowling WLG Two Snowhill
Birmingham
B4 6WR
Chris Morris 0121 393 0481chris.morris@gowlingwlg.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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