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Retail Property (high street) for sale

Chester Street, Wrexham

£349,500

Property Description

Key features

  • INVESTMENT PROPERTY
  • SITUATED IN THE CENTRE OF WREXHAM, A THREE STOREY
  • INVESTMENT PROPERTY INCLUDING CORALS BOOKMAKERS
  • PROVIDING TWO/THREE GROUND FLOOR RETAIL UNITS,
  • TOGETHER WITH THREE FIRST AND SECOND FLOOR APARTMENTS
  • GROSS INCOME 41,500 PER ANNUM EXCL.
  • PRIVATE MORTGAGE AVAILABLE

Full description

SITUATION
The premises are situated fronting Chester Street in the centre of Wrexham.

Wrexham is now regarded as the major retail centre for North Wales, and has a catchment population in the region of 400,000.

Chester Street is a pedestrianised street just off the High Street and within minutes walk of the Eagles Meadow Shopping and Leisure Complex.

DESCRIPTION
The property comprises a three storey semi detached building, brick built beneath a majority pitched slated roof. The demised premises also include the surrounding tarmacadam alleyway.

3 Chester Street Wrexham - Let on an internal repairing and insuring lease on a 25 year lease, which commenced in June 2013, subject to a five year review and five year break clause at a rental of £10,000 p.a.

Tenant - Sure to Please

4 Chester Street Wrexham - Let on an internal repairing and insuring lease which commenced in 2014 for a term of ten years, subject to a five year break clause at a rental of £18,000 p.a.

Tenant - Coral Bookmakers

Residential Accommodation at first and second floor levels comprising:

Apartment 1 4A Chester St. - Providing lounge, kitchen, double bedroom and bathroom

Currently vacant and offered to let at £350 per calendar month

Apartment 2 4A Chester St. - Providing lounge, kitchen, double bedroom and bathroom

Let at £400 per calendar month as from 2/11/11

Apartment 3 4A Chester St. - Providing kitchen, bedroom and bathroom on first floor level, together
with a lounge and second bedroom on the second floor

Let at £375 per calendar month as from 28/9/13

Note - The three apartments are self contained, each with the benefit of gas fired central heating.

Total annual gross rental income £41,500 p.a. When fully let

Leases - Copies of all leases can be provided upon request.

Epc - In the course of preparation.

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More information from this agent

Nearest stations

  • Wrexham Central (0.4 mi)
  • Wrexham General (0.6 mi)
  • Gwersyllt (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Wingetts, Wrexham

29 Holt Street, Wrexham, LL13 8DH

01978 511020 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 (0.4 mi)
  • Wrexham General (0.6 mi)
  • Gwersyllt (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Wingetts, Wrexham

29 Holt Street, Wrexham, LL13 8DH

01978 511020 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 2519E_2519. 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 Wingetts, Wrexham. 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.

Map data OpenStreetMap contributors.