20-21 Hope Street Wrexham Clwyd LL11 1BG

20-21 Hope Street
Wrexham
Clwyd
LL11 1BG

Freehold Retail Investment

Let to Mobile Up Ltd
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
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund

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Freehold Retail Investment

Let to Mobile Up Ltd
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

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

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.