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Description
INCOME PRODUCING INVESTMENT*** Retail Unit Over Ground, First floor & Baement in in EXCELLENT TRADING POSITION. Entirely let to Done Brothers producing £35,000 per annum on a FRI Lease.
Upper parts may lend itself to a variety of alternative uses and redevelopment, including residential, subject to the existing lease and obtaining all the necessary consents.
Full Repairing & Insuring Lease Tenant: Done Brothers (Cash Betting) Limited (t/a Betfred) ( Lease Length: 5 years from 23.03.2023 Rent: £35,000 p.a. Reversion 2028
The property Compromises: Basement 58.30 sq m 628 sq ft Ground Floor 105.10 sq m 1,131 sq ft First Floor 128.89 sq m 1,387 sq ft Subtotal 292.29 sq m 3,146 sq ft
Occupiers close by include Sports Direct, Holland & Barrett, Greggs, Barclays, Vodafone, Warren James, Game, and Boots Opticians amongst many others.
INCOME PRODUCING INVESTMENT*** Retail Unit Over Ground, First floor & Baement in in EXCELLENT TRADING POSITION. Entirely let to Done Brothers producing £35,000 per annum on a FRI Lease. Upper parts may lend itself to a variety of alternative uses and redevelopment, including residential, subject to the existing lease and obtaining all the necessary consents. Full Repairing & Insuring Lease Tenant: Done Brothers (Cash Betting) Limited (t/a Betfred) ( Lease Length: 5 years from 23.03.2023 Rent: £35,000 p.a. Reversion 2028 The property Compromises: Basement 58.30 sq m 628 sq ft Ground Floor 105.10 sq m 1,131 sq ft First Floor 128.89 sq m 1,387 sq ft Subtotal 292.29 sq m 3,146 sq ft Occupiers close by include Sports Direct, Holland & Barrett, Greggs, Barclays, Vodafone, Warren James, Game, and Boots Opticians amongst many others.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 2 Years
Rent: £35,000 per year / £2,917 per month
Yield: 14% (approx)
Tenant: Company
Notes: Full Repairing & Insuring Lease Tenant: Done Brothers (Cash Betting) Limited (t/a Betfred) ( Lease Length: 5 years from 23.03.2023 Rent: £35,000 p.a. Reversion 2028
Maps & Location
Map Street View SatelliteQueen Street is situated within the heart of Wrexham, providing a central and convenient location with excellent access to the town’s wide range of amenities. The area benefits from proximity to shopping facilities, supermarkets, cafés, restaurants, banks, healthcare services, and leisure amenities located throughout the town centre. Transport links are particularly strong, with Wrexham General Railway Station and Wrexham Central Railway Station both within easy reach, offering regular rail services to destinations including Chester, Shrewsbury, Liverpool, and other regional centres. The town centre is also well served by local and regional bus routes, while the nearby A483 provides convenient road access to North Wales, Cheshire, and the wider motorway network. Overall, Queen Street enjoys a highly accessible town-centre setting with a comprehensive range of amenities and strong transport connections.
Document Downloads
Pricing Information & Bidding
Opening Bid: £250,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 22-23Queen Street, Wrexham, Clwyd