High Street Retail Property for sale

Egerton Street, Wrexham LL11


Fixed price
£500,000
16 - 748 ft²

Description

investement as part ofa portfolio
Traditionally constructed Three storey building built to provide retail to the ground floor and offices to the upper floors. Ground floor provides 173.55 m2 (1868sq.ft)
A new 3-year lease of the ground floor is proposed at a rent of £30,000 per annum. The upper floors are vacant with an erv of £12,000.

The property is situated in a prime town centre location close to major retailers and Wrexham library.

Our Client is seeking a consideration of £500,000 for the Freehold interest equating to a niy of 5.46% after usual costs of purchase (a net yield of 7.46% based on erv).
Alternatively, our client would consider selling the business overall and fixtures and fittings with the freehold for a consideration of £625,000.

Categories

High Street Retail Property
Property reference
TH3102_18