Acting on behalf of Management clients, BA Commercial are pleased to confirm the sale of 140 Park Avenue, Wrexham, LL12 7AN.
The premises comprised a freehold retail investment, let to multiple tenants, Corbetts Bookmakers Ltd, in a prominent corner position on Park Avenue & Rhosnesni Lane. With nearby occupiers including Gerrard’s and McColl’s.
The premises, which had an extensive frontage, provided a ground floor sales are of 82.4 sq m 887 sq ft, and let on the balance of a 10 year lease from April 2017 at a rental of around £11,000 pax, with rent review due in 2022.
The premises were offered at an offer in excess of £150,000. The purchasers were an expanding local property company, represented by Hart & Co.
Justin Rice-Jones who handled the sale commented “there was a good degree of interest in this popular suburban location close to the town centre, particularly with the benefit of a substantial regional tenant. Marketing resulted in us achieving a figure ahead of the guide figure reflecting the demand for this type of smaller investment lot size.”
Our Latest Stories
AGENCY SUCCESS IN WREXHAM
BA Commercial were instructed to act on behalf of Trevalyn Estates in the letting of a 20000 sq ft Industrial Unit at Unit 1 Felin Puleston, Wrexham, having also handled the property’s disposal to them.
Letting of Unit B Wrexham Technology Park
BA Commercial is delighted to announce that acting on behalf of clients, ESI Technology, we have secured the letting of Unit B Wrexham Technology Park....
Disposal of Rhosddu Industrial Complex
BA Commercial is delighted to announce that acting on behalf of a private client, we have secured the sale of the Rhosddu Industrial Complex on...
Letting of Unit 7 New Vision Business Park in St Asaph
BA Commercial is delighted to announce that acting on behalf of clients, Pure Residential & Commercial Limited, we have secured the letting of Unit 7...
Double City Centre Success
Another two city-centre office deals over the line, we are happy to welcome Connells Group to St John’s Court. BA Commercial act for The Eaton...
Bowman House, Chester
BA Commercial announces that they have successfully procured a tenant for Bowman House, Chester. Metamorph Law have taken the property as part of their expansion...