May 2016

Investment Sale in Wrexham

Acting on behalf of Commercial Estates Group, Legat Owen have sold the freehold of 6-10 Lord Street to a private individual.

The building was sold for £225,000 representing a net initial yield of 10.84% following a competitive tender situation.

James Lutton who acted on behalf of CEG commended

Although Wrexham remains a challenging market, the fact we had a to go to a competitive tender process and achieved a sale price in excess of the guide shows there is now increasing demand for investors due to the opportunities for higher returns and value-add opportunities in the town.

James Lutton