Street View

2 bed Commercial Property, Wrexham, LL11

40-42 Regent Street, Wrexham LL11 1SA

The property comprises a high yielding retail investment opportunity occupying a prominent corner pitch on a high footfall street in the centre of Wrexham. Arranged as a ground floor retail unit with offices to the upper parts, the property is fully let to two tenants and producing a combined rent of £39,500 per annum, with an attractive weighted average unexpired lease term (WAULT) of 5.73 years to expiry. The ground floor is fully let to Chopstix Wrexham Limited on a ten year lease expiring 23.02.2033 and paying £22,500 per annum. The upper parts are let to Proactive Personnel on a new five year lease expiring 31.07.2031 paying £17,000 per annum. In 2016, planning permission was previously granted for the three apartments in the upper floors. This consists of 2 x 2 bedroom flats and 1 x 3 bedroom flat. Ideal for Airbnb or serviced accommodation just a short walk from the city centre. The property occupies a prime corner pitch on Regent Street in the Heart of Wrexham, only 100m from Wrexham Bus Station. The surrounding area is characterised by many local and national retailers with Primark directly opposite, Weatherspoon right next door, and being adjacent to McDonald’s, HSBC, Nationwide and Lloyds Bank. High Yielding Retail investment. Retail Unit with Office Upper Parts. Ground Floor Let to Chopstix. Ten Year Lease Expiring 23.02.2033. Upper Parts Let to Proactive Personnel. New Five Year Lease Lease Expiring 31.07.2031. 4,345 sq ft (403.66 sq m). Prominent Corner Pitch on