A ground floor retail unit extending to approximately 47.8 sq m (505 sq ft) in the heart of Wrexham Town Centre. The property is currently let on a new 10 year lease at an annual rent of £6,200.

Location

An established small parade of shops situated in the heart of Wrexham Town Centre, opposite the main bus station and within a stones throw of a variety of retailers, bars and restaurants. A co-op food store is located on the corner of the road with the main student campus of Coleg Cambria a short 2 minutes walk away. Wrexham is situated 13 miles south of Chester.

Accommodation

Pugh & Co have not inspected the property internally and the accommodation details have been taken from the VOA office website;

Ground Floor

47.8 sq m (505 sq ft)

Tenure

Unknown

Tenancy

The property is let on a new 10 year lease dated beginning on 8th November 2020 and expiring 7th November 2030 at £6,200 per annum. There is a break clause option in November 2025 and we understand the current tenant has been in situ since 2014.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. A new 999 year leasehold title will be created upon completion at a peppercorn annual rent.

3. A 6 week completion is available on this lot.

4. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 19TH JANUARY AND CLOSES ON WEDNESDAY 20TH JANUARY.

Addendum

A new 999 year leasehold title will be created upon completion at a peppercorn annual rent.

A 6 week completion is available on this lot.

We are informed that the sale of the property will be on the basis of a transfer of a going concern and prospective purchasers are advised to make their own enquiries into the situation regarding whether VAT is applicable or not.