Lot
048
Auction Ends: 20/01/2021 13:06

17 Egerton Street, Wrexham, Wrexham LL11 1NB

Property Details
Location
Auction Details
Description
A town centre investment opportunity comprising a two storey premises currently trading as a beauty salon and let at an annual rent of £5,000. The property extends to approximately 173 sq m (1819 sq ft).
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 provided by the vendor; 

Ground Floor75 sq m (809 sq ft)
First Floor93 sq m (1010 sq ft)

Tenure
Unknown
Tenancy
The property is currently let to Fleek Beauty Salon Ltd on a 3 years lease dated September 2018 at an annual rent of £5,000.
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. We are advised that the current tenant has invested money into the refurbishment of the building and has shown interest in extending the current lease.

3. A new 999 year lease will be granted upon completion at a peppercorn rent.

4. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 19TH JANUARY AND CLOSES ON WEDNESDAY 20TH JANUARY.
Addendum
The property is let to Fleek Beauty Salon Ltd at an annual rent of £5000 until September 2021. A new 999 year leasehold title will be granted on completion at a peppercorn ground 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.

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