Light Industrial for sale

Premises at Frog Lane, Abenbury Road, Wrexham, Wrexham (County of), LL13

967 sq. ft. | £209,950

Property Description

Commercial information

  • 967 sq ft (89 sq m)

Key features

  • An unusual opportunity to acquire a high yielding mixed commercial/residential property investment.
  • Currently producing 26,572 per annum.
  • Located in a popular area of Wrexham midway between Wrexham and Marchwiel.
  • Approximately 1 mile south east from Wrexham town centre.

Full description

LOCATION:
The subject property is located on Frog Lane which is off Abenbury Road in Wrexham, midway between Wrexham and Marchwiel, approximately one mile south east from Wrexham town centre with good access to the main A525. The surrounding area is a popular suburb of Wrexham with easy access to the town centre and all the associated shopping facilities and other amenities.

DESCRIPTION:
The subject property comprises a modern detached building with elevations a mixture of brick and render finish under a pitched and tiled roof.

The ground floor of the property comprises an industrial unit/workshop with two large roller shutter access doors to the front elevation. Internally, there is an open-plan workshop area benefitting from a concrete floor with dust resistant resin finish within which is a recessed vehicle repair pit. To the side of the workshop is a single storey extension currently put to office use and to the rear of the workshop is a further waiting area and WC.

The first floor of the property comprises residential accommodation with its own private separate entrance to the rear of the property. The accommodation provides four separate residential letting units each comprising of a lounge area and bedroom with shared newly fitted kitchen, shower room/WC and second separate WC. Each unit has its own electric "smart card" meter. Recently refurbished including newly plastered and decorated walls, carpeting and double-glazed windows.

ACCOMMODATION:
The property has been measured on a Gross Internal Area basis in accordance with the RICS Code of Measuring Practice:

Ground floor workshop unit: 89.84 sq m (967 sq ft)
First floor residential accommodation: not measured but comprising of 4 separate letting units, shared WC, bathroom and kitchen facilities.

TENURE:
We are advised that the property is held freehold.

PRICE:
209,950.

TENANCIES:The ground floor workshop unit is currently let to SG Automotives Ltd with a personal guarantor from the director of the company. The current passing rent is 9,100 per annum on a 5 year full repairing and insuring lease from 1st September 2015.

The four residential letting units are let on Assured Shorthold Tenancies at 84 per week creating a total annual income of 17,472 per annum.

VAT:
All figures quoted are exclusive of, and may be liable to, VAT at the standard rate prevailing.

BUSINESS RATES:
Applicants are advised to make their own enquiries regarding business rates and council tax to the local authority.

LEGAL COSTS:
Each party are to be responsible for their own legal costs incurred in the transaction.

ENERGY PERFORMANCE:
An Energy Performance Certificate is in the process of being prepared and is available upon request.


Nearest stations

  • Wrexham Central (1.4 mi)
  • Wrexham General (1.7 mi)
  • Gwersyllt (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bolton Birch, Chester

3rd Floor, 10 St John Street, Chester, CH1 1DA

01244 955140 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Wrexham Central (1.4 mi)
  • Wrexham General (1.7 mi)
  • Gwersyllt (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bolton Birch, Chester

3rd Floor, 10 St John Street, Chester, CH1 1DA

01244 955140 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference Frog16. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bolton Birch, Chester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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