Lot
019
Auction Ends: 20/01/2021 10:42

11 Lord Street, Wrexham, Wrexham LL11 1LH

Property Details
Location
Auction Details
Description
A town centre investment opportunity comprising a two storey property extending to approximately 104 sq m (1119 sq ft). The accommodation comprises a ground floor retail unit and first floor office space and is currently let at an annual rent of £5,500.
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 accommodation internally and the following details have been taken from the VOA office website; 

Ground Floor54 sq m (581 sq ft)
First Floor49 sq m (527 sq ft)

Tenure
Unknown
Tenancy
The property is currently let to cats protection on a 3 years lease dated June 2020 at an annual rent of £5,500. There are break clause options in June 2021 & June 2022
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 on completion at a peppercorn rent. A 6 week completion is available on this lot. 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.

Our Nearest Office

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Liverpool

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