Wrexham, LL14 | Investment Property for Sale | VES-LL14-001

Opportunity to purchase a residential development site in Acrefair

Offers in region of

£2,500,000

Development site

VES-LL14-001

INITIAL INVESTMENT

£933,500

Based on

deposit: £625,000

stamp duty: £75,000

mortgage fees: £1,500

conveyancing fees: £232,000

GROSS RENT

£0

GROSS YIELD

0.0%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

232

TENANCY STATUS

Vacant

FURNISHED

No

TOTAL SQ FT

TBC

PRICE SQ FT

£0

Please note that this is an off-market opportunity that is available to qualified buyers only.

Please get in touch and quote the reference number above to speak to a member of our sales team who can advise on the information that will be required from you in order for us to be able to share more detailed and confidential information related to the opportunity.

Opportunity to acquire an 18 acre residential development freehold site in Acrefair, 6 miles south west of Wrexham, in North East Wales, with planning permission to build 232 residential dwellings and new access.

Acrefair is located 8 minutes drive north of the A5, a key inland route into North Wales, with Snowdonia National Park 25 miles to the west, and a 5 minutes drive to the A483, providing easy commuter access to Wrexham (15 minutes) and Chester (30 minutes).

The site was formerly an Air Product equipment fabrication facility, which closed in 2009. The buildings have since been removed and the site has been cleared to slab level.

The vendor is seeking offers in the region of £2,500,000 for their freehold interest.

Please contact our sales team for further details.

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Wrexham, Wales

Wrexham is the largest town in the north of Wales and lies between the Welsh mountains and the lower Dee Valley alongside the border with England and around 14 miles south of Chester.

Wrexham town centre is orbited by a ring road. The A483 is the principal route in town and connects it with the A55/M53 and A5/M54.

The town has four railway stations Wrexham General, Wrexham Central, Gwersyllt and Ruabon. Wrexham General is on two different lines, the Shrewsbury to Chester Line and the Borderlands Line. Wrexham Central is a small station and is on the Wrexham to Bidston in Birkenhead Borderlands Line. Gwersyllt serves the Wrexham suburb of the same name and is a stop on the Borderlands line between Wrexham General and Bidston. Ruabon is a bus and mainline rail interchange located in South Wrexham. It lies on the Shrewsbury to Wrexham line between Chirk and Wrexham General. Trains run northbound to Chester and Holyhead connecting with the ferries to Dublin Port and southbound to Shrewsbury and either Cardiff Central or Birmingham New Street.

Wrexham town centre is going through widespread change which includes a new tourist information centre plus shop selling local produce, a café and event space. This is set to open in Spring 2020. Nationwide Building Society is also investing in the town centre and is relocating their branch to a bigger space set to open in 2020. In Henblas Street a disused shopping area is going to be developed into a multi-purpose site including Sports Direct, eateries, housing and independent retail.

Hope Street and Bank Street are just two of several shopping streets within the mainly pedestrianised town centre, where major retailers such as New Look, WH Smith and Claire’s as well as independent businesses can be found. Eagles Meadow shopping centre is also home to the usual High Street favourites. Wrexham continues its market town tradition with two architecturally significant Victorian indoor markets, Butchers and General and an open-air market on Mondays.

Some of the top local attractions include Pontcysyllte Aqueduct, the National Trust owned Erddig Park with its hall and formal gardens, Ty Mawr Country Park, Techniquest Glyndwr, Bangor-on-Dee racecourse, Alyn Waters Country park and Wrexham County Borough museum.

Wrexham has a number of primary and secondary schools. Yale College is one of the largest colleges in Wales and provides a wide range of higher education courses as well as adult education. Glyndwr University is an accredited institution of the University of Wales with around 8,000 full-time students as well as 350 international students. It offers both undergraduate and postgraduate degrees.

Wrexham’s largest employers include Wockhardt and Ipsen as well as other biopharmaceutical companies. JCB can be found on the Wrexham Industrial Estate, and ACT and Magellan Aerospace are also major employers in the area, whilst Airbus is in nearby Broughton. Food manufacturers like Kelloggs, Cadbury, Calypso and Village Bakery also have sites here as well as electronics companies Sharp and Brother.

Point of reference - not exact location,

Acrefair,

Wrexham,

Wrexham Principal Area,

Wales,

LL14 3TR

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