The property comprised of a modern industrial building extending to approx. 20,000 sq ft located in an established trade area just outside of Wrexham town centre. The property was sub-divided into two units, with the rear being let to a local occupier. We were tasked with securing a tenant for the vacant front section of approx. 10,000 sq ft. The space was largely open plan together with some office provision, kitchen and wc facilities with a generous front car park.
The property had formerly been occupied by a local gymnasium and therefore strategic advice was given to the client at an early stage that it was likely a potential occupier would require a change of use planning application to be submitted from class D2 to B2/B8, which was the previous use for the property when occupied formally as a Magnet trade counter for a number of years.
The previous occupier had also undertaken a light fit-out to include some partitioning, carpets and signage. We advised the client that we should market the property as seen but give consideration to a rental incentive when entering into lease negotiation with a prospective tenant.
Following a brief period of marketing, we managed to attract good interest, negotiate and agree terms with the UK’s largest independent plumber’s merchants, James Hargreaves, and upon successfully being granted planning by Wrexham County Borough Council, we assisted the solicitors in completing the lease.
We would like to thank our client Trevalyn Estates for trusting us to handle this instruction and James Hargreaves for their assistance throughout the process.
BA Commercial Director Howard Cole “This is a fitting example of the excellent service we aim to provide our clients. From handling the sale process to Trevalyn Estates, to then securing the letting to one of the strongest trade counter covenants in the UK, all well within a 12-month period.”
James Birkett Evans of Trevalyn Estates “This has been a classic example of the very good work by BA Commercial. They introduced the property to us and helped with securing the initial purchase whilst overcoming a series of potential issues. They then identified a number of interested parties to take a lease of the vacant unit, and we were absolutely delighted to secure a tenant of James Hargreaves standing whom we wish every success with their new branch.”
The James Hargreaves branch in Wrexham is expected to be the second largest in the UK.