***INVESTMENT AS PART OF A PORTFOLIO*** 6-8 Egerton Street, Wrexham, LL11 1LW

Location

The property is situated in a prime town centre location close to major retailers and Wrexham library.

Description

Traditionally constructed Three storey building built to provide retail to the ground floor and offices to the upper floors.
Ground floor provide 173.55 m2 (1868sq.ft)

A new 3-year lease of the ground floor is proposed at a rent of £30,000 per annum.
The upper floors are vacant with an ERV of £12,000.

Proposition

Our Client is seeking a consideration of £525,000 for the Freehold interest equating to a NIY of 5.46% after usual costs of purchase (a net yield of 7.46% based on ERV).

Alternatively, our client would consider selling the business overall and fixtures and fittings with the freehold for a consideration of £625,000.

Rateable value

TBC

EPC

TBC

VAT

Unless otherwise stated all figures are exclusive of Value Added Tax, any prospective purchasers should satisfy themselves of any liability to pay VAT on any transaction.

Legal costs

Each party is to pay their own costs.

Viewing information

For further information please contact us on the number below. Viewings are strictly by appointment with P R Gibbs & Co by telephoning 01942 844100 option 1 or email ctopping@prgibbs.co.uk. We are open from 9am to 5pm Monday to Friday.