Lot
018
Auction Ends: 20/01/2021 10:38

7-9 Lord Street, Wrexham, Wrexham LL11 1LH

Property Details
Location
Auction Details
Description
A double fronted ground floor retail unit extending to approximately 92 SQ M (1001 SQ FT) and situated in the heart of Wrexham Town Centre. The property is currently let to Gerrards Bakery at a current rent of £25,000 per annum. The lease is due for expiry in February 2021 and Gerrards have advised they will be vacating at this point.
Location
The property fronts onto Lord Street, a pedestrianised area of the town centre, within an established parade of shops and a neighbouring Co-Operative food outlet. The main bus station is just a few hundred yards away along with a variety of retailers, bars and restaurants. Wrexham is situated 13 miles south of Chester.
Accommodation
Pugh & Co have not inspected the property internally and the following accommodation has been provided by the vendor;

Ground Floor92 sq m (1001 sq ft)

Tenure
Unknown
Tenancy
Currently let to Gerrards Confectioners (North Wales) Ltd on a 10 year lease which expires 5th February 2021.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. A 6 week completion is available on this lot.

3. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 19TH JANUARY AND CLOSES ON WEDNESDAY 20TH JANUARY.
Addendum
A new 999 year leasehold title will be granted upon completion at a peppercorn rent. A 6 week completion is available on this lot. Gerrards Bakery have today (18/01/2021) informed the vendor that they wish to vacate both units when their current lease expires in February. The vendor has confirmed that any dilapidation claims that may be due will be available for the successful purchaser to negotiate and collect. We are informed that the sale of the property will be on the basis of a transfer of a going concern and prospective purchasers are advised to make their own enquiries into the situation regarding whether VAT is applicable or not.

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