Lot 42 Click here for addendum
(Gross yield 12.5%)
6 Week completion
Occupying a prominent trading position along the part pedestrianised Chester Street, adjacent to Coral and near to TJ Hughes. The property is 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 Corner Shop with an extensive return frontage together with internal access to a Staff Room on the first floor.
Ground Floor Corner Shop
Gross Frontage 14'10”
Return Frontage 56'0”
Internal Width 12'2”
widening at rear to 15'6”
Shop Depth 40'11”
Built Depth 56'0”
Staff Room Area Approx. 80 sq ft
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 Christine Roberts t/a Sure to Please Tailors (Alterations/Repairs/T-Shirt Printing) for a term of 20 years from 27th June 2013 (in occupation for over 40 years) at a current rent of £10,000 per annum exclusive.