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Fifield Glyn

Fifield Glyn

Chartered Surveyors Commercial and Residential Property Consultants

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0345 600 7875
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Osborne House acquire Regent House, Wrexham L11 1PR

11 November 2019

Osborne House have paid £675,000 for a freehold investment property comprising 17,600 sqft of ground floor shops with offices above arranged over three floors plus 30 car spaces on a 0.36 acre site.

The property is currently producing £82,224.50 with an ERV £94,724.50 when fully let (one vacant shop) producing a Net Initial Yield 11.5% and a Reversionary Yield 13.25%.  Planning consent has been obtained for Charge of Use on the upper floors for 24 flats. Tenants include the Secretary of State, Remploy and Papa Johns.

John Fifield, Chairman of Osborne House, said “This is an interesting investment with great potential for adding value with conversion of the upper floors to residential in due course”.

Legat Owen acted on behalf of the Seller, whilst Fifield Glyn acted on behalf of Osborne House.

For more information, contact john.fifield@osbornehousegroup.com

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London, Manchester & Cheshire

London
11 St George Street
Mayfair
London W1S 2FD
Tel: 0207 629 6457

Manchester
7/9 Oxford Court
Bishopsgate
Manchester M2 3WQ
Tel: 0161 839 2444

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No. 1 Royal Mews
Gadbrook Park
Cheshire CW9 7UD
Tel: 01606 351 351

Fifield Glyn is a firm of Chartered Surveyors, Commercial Property Consultants, Residential Block Management Specialists and Real Estate Valuers. Fifield Glyn Ltd, Registered Office: No.1 Royal Mews, Gadbrook Park, Cheshire CW9 7UD

Registered in England No.2205316.

VAT number : GB 480 2723 56.

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