***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.