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The Hanover Portfolio, 3 Multi-Let Business Centre in North Wales

£925,000

£86.14 per sq ft

Business rates & charges may apply

Legat Owen, Chester
SIZE AVAILABLE

10,738 sq ft

998 sq m

SECTOR

Commercial property for sale

Key features

  • 3 multi let office buildings in North Wales
  • Accumulated size of over 10,738 sq ft
  • Approximately £106,500 per annum when fully let
  • Each property has on site parking
  • 24/7 access
  • Shared kitchens
  • Conveniently located with easy access to the local town centre

Description

The Hanover Portfolio comprises 3 multi let office buildings in North Wales.

Carlton House, 68 Conway Road, Colwyn Bay, Conwy LL29 7LD
Somerset House, 30 Wynnstay Road, Colwyn Bay, Conwy, LL29 8NB
Hanover House, The Roe, St. Asaph, Denbighshire, LL17 0LT

Each property has on site parking, 24/7 access, shared kitchens and meeting rooms (Excluding Carlton House) and are conveniently located with easy access to the local town centre.

Total rental income of c £100,000 pa
The landlord charges occupier for gas, water and electricity on top of the rent
Occupiers pay their own business rates but many suites qualify for zero rates
The landlord pays for external maintenance, fire alarm maintenance and cleaning shared areas.

The company that owns the premises, Hanover Business Centres Limited is offered for sale.
The company has no further assets nor liabilities.
Company number 02302007.
Purchase price of £925,000 reflecting

Overall rate of £86.14 psf
NIY 10.38% on passing rent
Reversionary yield of 10.9% when fully let

Energy Performance Certificates

EPC Certificate

Brochures

The Hanover Portfolio, 3 Multi-Let Business Centre in North Wales

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Colwyn Bay Station0.2 miles
  • Llandudno Junction Station3.4 miles
  • Glan Conwy Station3.4 miles

About Legat Owen, Chester

Albion Street, Chester, CH1 1RQ

Legat Owen is a multi-disciplinary, general practice firm of Chartered Surveyors established in 1986 with a head office in Chester.

We offer a full range of services including agency (industrial, office, retail/roadside/leisure, investment & land/development), property management, landlord & tenant, valuation, building surveying, development consultancy and rating. As a multi-disciplinary commercial property consultant, departments work alongside one another to provide a full complement of services to our clients as required.

Geographically, the practice acts across the whole of the UK with particular emphasis on the North West of England and Wales.

For the future, the company will continue to concentrate on its core strengths of delivering expert property advice on a personalised basis.

As a testament to these values, the Directors and staff are proud of the fact that we are still involved with many of the clients for whom we first acted for nearly forty years ago.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 8937FH. 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 Legat Owen, 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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