Mixed Use
Comprising a mature two-storey detached property being of brick construction under a pitched roof with two established retail units to the front, progressing to self-contained apartments at ground and first floor levels and including a rear yard. The flats benefit from gas central heating and the overall accommodation can be briefly summarised as follows -
Retail Unit One: Hair Salon (“Reflections”)
Retail Unit Two: Beauticians
Store
One bedroomed flat
Three self-contained one bedroomed flats.
Further vacant bedsit
The property has frontage to Corwen Road, behind a front apron, being in a popular and convenient location with a good volume of passing traffic and within easy travelling distance of Mold, Wrexham and Chester.
We understand the property is freehold. The occupants of the Hair Salon (est 30 years) and Beautician have the benefit of the income stream (est £8,080 pa/both shops) could be transferred to a new purchaser.
The flats and bedsit are occupied via Assured Tenancy Agreements and are fully occupied with an income stream of £21,580 (rising to potentially £24,180 pa, should the one vacant room be adapted as a bedsit). We have been informed that the combined income stream from this property is established and with all residential rooms occupied produces a total of £32,260 pa.
We have not had sight of any legal documentation relating to the premises but further information will be provided within the legal pack.
Interested parties are advised to seek clarification from the legal pack.
Freehold. Subject to tenancy.
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.
