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Marketed by
21 & 22-23 Queen Street Wrexham, LL11 1AL
Use Class
E
Size
3,531 sq ft
Price
£506,000
Market Sector
High Street Scheme
Description
RETAIL INVESTMENT
Location
Located approximately 5 miles west of the English border Wrexham is the largest town and administrative centre of North Wales. The town benefits from significant retail and commercial offerings and is home to Wrexham University and the world famous Wrexham Football Club. The subject units occupy a prominent position on Queen Street, in close to Barclays, Sports Direct and Vodafone.
Accommodation
3,531 Sq.Ft
The property comprises two shop units arranged on basement, ground, first and second floors trading as Bet Fred and Cici Nail Bar. The units have the following approximate net internal floor areas:-
Financial
Lease Term
The property is freehold.
Rent
21 Queen Street (Cici Nail Bar) Let to VS Beauty Limited (Company No 16449228) by way of a 6 year lease from 19 December 2025 at a rent of £18,000 per annum. There is a rent review in December 2028. Personal guarantee in place. 22-23 Queen Street (Bet Fred) Let to Done Brothers (Cash Betting) Limited by way of a 5 year lease from 23 March 2023 at a rent of £35,000 per annum. Total Rent - £53,000 per annum
Costs
Each party will be responsible for their own legal costs incurred in the transaction.
Price
£506,000 equating to a Net Initial Yield of some 10% after deducting the usual Purchasers Costs.
Vat
The property is registered for VAT.
Business Rates
Rateable Values (2023) 21 Queen Street – £14,000 22-23 Queen Street – £25,500
Sustainability
21 Queen Street – Awaiting. 22-23 Queen Street – C54.
Disclaimer
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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