Town Centre Location on Major Pedestrianised Retail Thoroughfare
Active Asset Management Opportunity
Residential Conversion Potential of Upper Parts (Subject to Consents)
VAT Free Investment
Neighbouring Occupiers include New Look, Iceland, Poundland, Sports Direct, Costa Coffee and Primark
Lot 48
Auction 21st September 2023
Rent £12,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of a Major Fund
Property Information
Location
Miles
12 miles south of Chester, 31 miles north of Shrewsbury
Roads
A525, A534, A483
Rail
Wrexham General Station, Wrexham Central Station
Air
Manchester International Airport, John Lennon Airport (Liverpool)
Situation
Wrexham is the largest town in North Wales and the principal administrative centre for the region. The property is situated in a prominent and strong retailing position on the south side of Hope Street, one of Wrexham’s main pedestrianised retail thoroughfares, just 300m east of Wrexham Central Railway Station. Nearby Occupiers include New Look, Iceland, Poundland, Sports Direct, Costa Coffee and Primark.
Tenure
Freehold.
Location
Miles
12 miles south of Chester, 31 miles north of Shrewsbury
Roads
A525, A534, A483
Rail
Wrexham General Station, Wrexham Central Station
Air
Manchester International Airport, John Lennon Airport (Liverpool)
Situation
Wrexham is the largest town in North Wales and the principal administrative centre for the region. The property is situated in a prominent and strong retailing position on the south side of Hope Street, one of Wrexham’s main pedestrianised retail thoroughfares, just 300m east of Wrexham Central Railway Station. Nearby Occupiers include New Look, Iceland, Poundland, Sports Direct, Costa Coffee and Primark.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor with ancillary accommodation on the basement, first, second and third floors. The retail unit benefits from significant frontage to Hope Street.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
Band D
Description
The property comprises retail accommodation on the ground floor with ancillary accommodation on the basement, first, second and third floors. The retail unit benefits from significant frontage to Hope Street.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
Band D
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
(Reversion)
Ground Basement First Second Third
Retail Ancillary Ancillary Ancillary Ancillary
121.90 68.10 136.77 123.21 24.81
(1,312) (733) (1,472) (1,326) (267)
MOBILE UP LTD (CRN: 12203342)
2 years from 12/01/2022 (2)
£12,000
(12/01/2024)
Total Approximate Floor Area
474.79
(5,110)
£12,000
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/147513206) (2) The lease is subject to a rolling mutual option to break the lease on serving 28 days notice. The landlord is holding a £3,000 deposit. The Tenant has verbally expressed an interest in renewing the lease.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
