40-42 Regent Street, Wrexham LL11 1SA
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- To be offered on Wednesday 21 October
- High Yielding Retail investment
- Retail Unit with Office Upper Parts
- Ground Floor Let to Chopstix
- Ten Year Lease Expiring 23.02.2033
- Upper Parts Let to Proactive Personnel
- New Five Year Lease Lease Expiring 31.07.2031
- 4,345 sq ft (403.66 sq m)
- Prominent Corner Pitch on High Footfall Street
- Investment Let at £39,500 p.a. (13% GIY on Guide Price)
Description
StrapLine
Auction Sale - 20/10/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteHigh Yielding Retail Investment Occupying a Prominent Corner Pitch on a High Footfall Street
Fully Let to Two Separate Tenants with an Attractive WAULT of 5.73 Years to Expiry
Investment Let at £39,500 per annum
Description
The property comprises a high yielding retail investment opportunity occupying a prominent corner pitch on a high footfall street in the centre of Wrexham.
Arranged as a ground floor retail unit with offices to the upper parts, the property is fully let to two tenants and producing a combined rent of £39,500 per annum, with an attractive weighted average unexpired lease term (WAULT) of 5.73 years to expiry.
The ground floor is fully let to Chopstix Wrexham Limited on a ten year lease expiring 23.02.2033 and paying £22,500 per annum.
The upper parts are let to Proactive Personnel on a new five year lease expiring 31.07.2031 paying £17,000 per annum.
In 2016, planning permission was previously granted for the three apartments in the upper floors. This consists of 2 x 2 bedroom flats and 1 x 3 bedroom flat. Ideal for Airbnb or serviced accommodation just a short walk from the city centre.
The property occupies a prime corner pitch on Regent Street in the Heart of Wrexham, only 100m from Wrexham Bus Station. The surrounding area is characterised by many local and national retailers with Primark directly opposite, Weatherspoon right next door, and being adjacent to McDonald’s, HSBC, Nationwide and Lloyds Bank.
Tenancy
Please see the Tenancy Schedule for more information.
40-42 Regent Street, Wrexham LL11 1SA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wrexham Central Station0.2 miles
- Wrexham General Station0.4 miles
- Gwersyllt Station2.0 miles
Notes
Disclaimer - Property reference 244-25114. 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 Savills Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”