Argyle Street, Wrexham
- PROPERTY TYPE
Detached
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Mixed Use City Centre Investment Opportunity
- Ground Floor Lock Up Shop with Sitting Tenant
- With Four Self-Contained Studio Apartments Above
- Consistent Income Producer
Description
Commercial Occupation
The Ground Floor Shop comprises approximately 63 square metres. The shop was originally let to Elm Hair and Beauty on a three-year lease from January 2018, which was renewed for a further three years during 2021. The initial rent was agreed at £5,000 per annum. A further lease renewal has recently been agreed for a term of six years at an increased rent of £6,000 per annum. The lease renewal and rent increase will take effect from January 2025.
The lease held on internal repairing terms under Landlord and Tenant Act 1954. A copy of the lease agreement is available upon request from the Agents.
Residential Occupation
There are four residential Studio Apartments above the Commercial Unit from an independent pedestrian access - see floor plans attached.
On The First Floor:
Flat 1 - Approximately 40 square metres - £495 pcm.
Flat 2 - Approximately 45 square metres - £435 pcm
On The Second Floor:
Flat 3 - Approximately 37 square metres - £550 pcm.
Flat 4 - Approximately 46 square metres - £435 pcm.
Management
The residential portion has been managed by Bowen and is fully compliant with Renting Homes (Wales) legislation and Rent Smart Wales. All agreements to Occupiers are standard Occupation Contracts with rents receipts currently as above.
Energy Performance Certificates
Ground Floor:
Shop (10 Argyle Street) Band D Expiry - 26 May 2027.
First Floor:
Flat 1 (12 Argyle Street) Band E Expiry - 13 May 2028.
Flat 2 (14 Argyle Street) Band E Expiry - 13 May 2028.
Second Floor:
Flat 3 (16 Argyle Street) Band D Expiry - 13 May 2028.
Flat 4 (18 Argyle Street) Band D Expiry - 13 May 2028.
Services
The property is understood to be connected to mains water, electricity and foul drainage subject to statutory regulations.
The apartments each have independent service connections and billing and have valid electrical safety certification.
Tenure
The property is offered for sale on the basis of the freehold interest. Full access rights are enjoyed. Other than the tenancy agreements in place, the building is not subject to any third party interests.
There is a pedestrian right of way for the adjoining ground floor commercial occupier to access a passageway to the rear. This is via the gated bay to the side of the shop - see ground floor plan.
Directions
On foot from the Agent's Wrexham Offices proceed down Regent Street turning left at McDonalds onto Egerton Street. Turn right onto the pedestrianised Lord Street and at the junction with Argyle Street turn right, when the property will be approached on the right.
Brochures
Property BrochureFull Details- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Argyle Street, Wrexham
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Visit our security centre to find out moreDisclaimer - Property reference 12528762. 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 Bowen, 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.
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