Lot 38 details
(gross yield 10.6%)
6 Week completion
Occupying a prominent trading position along the part pedestrianised Chester Street, near to TJ Hughes and just a few yards from the junction with High Street which hosts a variety of traders including Subway and Nationwide as well as a number of pubs and restaurants.
In addition, the development of the nearby Eagles Meadow Shopping Scheme has enhanced the town's retail catchment with its occupiers including Debenhams and Marks & Spencer.
Wrexham is known to be the principle town of north-east Wales and is located approx. 10 miles south-west of Chester and approx. 20 miles west of Crewe with good road links via the M56 and M6.
Forming part of an end of terraced building comprising a Ground Floor Shop and Basement.
Ground Floor Shop
Internal Width 30'0”
Shop Depth 53'5”
Built Depth 56'0”
Sales Area Approx. 1,216 sq ft*
Area Approx. 402 sq ft*
*Area from VOA
VAT is applicable to this Lot
Leasehold for a term of 999 years from completion at a peppercorn.
The property is let on an internal repairing and insuring lease to Coral Racing Ltd (T/O for Y/E 26/09/15 £667.8m, Pre-Tax Profit £81.1m and Shareholders' Funds £409.98m) (having approx. 1,600 branches) for a term of 10 years from 26th September 2014 (in occupation for over 13 years) at a current rent of £18,000 per annum exclusive.