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Imperial Buildings King St

11,333 SF 32% Leased Office Building Wrexham LL11 1HE £600,000 (£53/SF) 9.25% Net Initial Yield

Investment Highlights

  • Street Level Investment For Sale
  • Income: £58,250 per annum
  • Good construction and provide modern open plan retailing space

Executive Summary

Street level investment for sale. The property is held freehold subject to the tenancies.
We are instructed to seek of offers of £600,000, Subject to Contract and exclusive of VAT. Purchases of this level would reflect a net initial yield of 9.25%. After costs.

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
11,333 SF
Building Class
C
Year Built
1974
Price
£600,000
Price Per SF
£53
Net Initial Yield
9.25%
NOI
£55,500
Percent Leased
32%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
3,778 SF
Building FAR
1.00
Lot Size
0.26 AC
Parking
3 Spaces (0.26 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Security System
  • Accent Lighting
  • Storage Space
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 3,246 SF
  • Office
  • Shell Space
  • Now

The space compromises 4,452 sf of second floor office accommodation.

  • 2nd Floor
  • 4,452 SF
  • Office
  • Shell Space
  • Now

The space compromises 4,452 sf of second floor office accommodation.

Space Size Space Use Condition Available
1st Floor 3,246 SF Office Shell Space Now
2nd Floor 4,452 SF Office Shell Space Now

1st Floor

Size
3,246 SF
Space Use
Office
Condition
Shell Space
Available
Now

2nd Floor

Size
4,452 SF
Space Use
Office
Condition
Shell Space
Available
Now

1st Floor

Size 3,246 SF
Space Use Office
Condition Shell Space
Available Now

The space compromises 4,452 sf of second floor office accommodation.

2nd Floor

Size 4,452 SF
Space Use Office
Condition Shell Space
Available Now

The space compromises 4,452 sf of second floor office accommodation.

  • Listing ID: 32014569

  • Date on Market: 04/06/2024

  • Last Updated:

  • Address: King St, Wrexham LL11 1HE

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