Home > Auctions > September 2022 01 September 2022 - 9:00am > Lot 64

September 2022: Thursday 01 September 2022 - 9:00am
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    Key features

    • Attractive freehold Grade II Listed buildings, formerly the Island Green Brewery and Malthouse
    • Converted to provide a gated development of 40 houses and flats each with an allocated parking space
    • 4 houses and 7 flats each let on an Assured Shorthold Tenancy, 29 units sold on leases
    • Forms part of a large roughly rectangular shaped site of approximately 1.25 acres
    • Very convenient City center location adjacent to the Island Green Shopping Center
    • Near station and Wrexham Maelor Hospital
    • Investment let at £62.760 per annum*

    Description

    Attractive Grade II Listed buildings, formerly the Island Green Brewery and Malthouse, converted to provide a gated development of 40 residential units around two central courtyards.

    The buildings form part of a large roughly rectangular shaped site adjacent to the Island Green Shopping Center and the River Gwenfro to the south.

    The development comprise a mix of houses and flats having double glazing and electric heating.

    External repairs and redecorations took place in 2020 at a cost of £98,000.

    There are central communal landscaped courtyard areas with paved walk ways.

    We understand each property has an allocated parking space with a gated vehicular access from Brewery Place.

    Additional information

    Tenure

    Freehold

    In accordance with Section 5B of the Landlord and Tennant Act 1987, notices have been served on the lessees and they have NOT reserved their rights of first refusal.


    Accommodation

    Not Inspected Believed to Comprise:


    No 5 Terraced House Ground Floor - Reception Room, Kitchen/Dinner

    First Floor - Two Bedrooms, Bathroom/WC

    Small enclosed Rear Garden, Allocated Parking Space


    No15 Terraced House Ground Floor - Reception Room, Kitchen/Dinner

    First Floor - Two Bedrooms, Bathroom/WC

    Small enclosed Rear Garden, Allocated Parking Space


    No17 Terraced House Ground Floor - Reception Room, Kitchen/Dinner

    First Floor - Two Bedrooms, Bathroom/WC

    Small enclosed Rear Garden, Allocated Parking Space


    No 19 End of Terrace House Ground Floor - Reception Room, Kitchen/Dinner

    First Floor - Two Bedrooms, Bathroom/WC

    Small enclosed Rear Garden, Allocated Parking Space


    No 20 Ground Floor Flat - Reception Room, Two Bedrooms, Kitchen, Bathroom/WC

    Allocated parking Space


    No 22 Ground Floor Flat - Reception Room, One Bedroom, Kitchen, Bathroom/WC

    Small enclosed Garden, Allocated Parking Space


    No 29 Ground Floor Flat - Reception Room, Two Bedrooms, Kitchen, Bathroom/WC

    Allocated Parking Space


    No 37 Second Floor Flat - Reception Room. Two Bedrooms, Kitchen, Bathroom/WC

    Allocated parking Space


    No 38 Ground Floor Flat - Reception Room, Two Bedrooms, Kitchen, Bathroom/WC

    Allocate Parking Space


    No 39 First Floor Flat - Reception Room, Two Bedrooms, Kitchen, Bathroom/WC

    Allocated Parking Space


    No 40 Second Floor Flat - Reception Room, Two Bedrooms, Kitchen, Bathroom/WC

    Allocated Parking Space


    Total site area approximately 1.25 acres


    Tenancy

    No 5 - Six month Assured Shorthold Tenancy from 4th August 2003 at £450 per calendar month. Holding over.


    No 15 - Six month Assured Shorthold Tenancy from 1st June 1999 at £465 per calendar month. Holding over.


    No 17 - Six month Assured Shorthold Tenancy from 25th July 2014 at £485 per calendar month. Holding over.


    No 19 - Six month Assured Shorthold Tenancy from 27th February 2021 at £595 per calendar month. Holding over. Subject of an eviction order due to non payment of rent. Awaiting court date.*


    No 20 - Six month Assured Shorthold Tenancy from 23rd January 2015 at £475 per calendar month. Holding over.


    No 22 - Six month Assured Shorthold Tenancy from 28th June 2014 at £425 per calendar month. Holding over.


    No 29 - Six month Assured Shorthold Tenancy from 3rd July 2020 at £475 per calendar month. Holding over.


    No 37 - Six month Assured Shorthold Tenancy from 5th October 2021 at 495 per calendar month. Holding over.


    No 38 - Six month Assured Shorthold tenancy from 24th October 2014 at £450 per calendar month. Holding over.


    No 39 - Six month Assured Shorthold Tenancy from 1st August 2012 at £450 per calendar month. Holding over.


    No 40 - Six month Assured Shorthold Tenancy from 29th October 2005 at £465 per calendar month. Holding over.


    Units - 1,2,3,4,6,7,8,9,10,11,12,13,14,16,18,21,23,24,25,26,27,28,30,31,32,33,34,35.36 each sold on a lease of 999 years from 1st January 2006 Ground Rent a peppercorn.


    Rent

    Total Current Rent £62,760 per annum *

    Notes

    * Please refer to tenancy details for house No 19

    A Management Agreement to Bowood (London) Ltd from 1st August 2022 for a period of 364 days is available for inspection in the legal documents.

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        Local information

        Wrexham, located between Chester and Owestry, is a historic market town recently granted City status and the largest urban area in north Wales.

        Liverpool is about 35 miles to the north and Manchester about 54 miles to the north east.

        Situated in a very convenient City center location, Brewery Place being a cul de sac running northwards off Pentre Felin.

        The retail and commercial center of Wrexham is close by, whist the Island Green Shopping is adjacent to the site.

        Wrexham Maelor Hospital is also within easy reach.

        Bellevue Park is close by whilst the surrounding country side provides a range of leisure activities.

        The A534 and A483 providers good road links to the M53 and M6.


        Transport

        National Rail - Wrexham Central

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

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