Commercial Property in Wrexham

4 Ruabon Road, Wrexham, North Wales LL13 7PB
  • Lot No: 131
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £110,000+ plus fees

Result Sold Prior to Auction

Property Description

A mixed use property comprising a ground floor retail unit with residential accommodation above in Wrexham currently let producing £12,000 per annum. Situated on Ruabon Road, one of the main arterial routes into Wrexham Town Centre is this mixed use property, comprising a ground floor retail premises with a two bedroom residential flat to the first and second floors. Currently, the property is fully let to one tenant who pays £12,000 per annum but there is potential to split the property in order to increase income, subject to necessary planning consents. The property is situated within a parade of similar premises in a popular area less than half a mile from Wrexham Town Centre. We have been provided with a copy of the lease which refers to the rent being £16,000 per annum however we have been informed that the rent is currently £12,000 per annum. We have not been provided with evidence regarding this and buyers are to rely on their own investigations in this respect.

Ground Floor:

Retail Sales Area – 333 sq ft Rear storage / office - 105 sq ft Side Store - 84 sq ft


First Floor:

Lounge Dining room Kitchen Bathroom


Second Floor:

Two Bedrooms


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 26th May 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

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Map

4 Ruabon Road, Wrexham, North Wales LL13 7PB