HENBLAS SQUARE Wrexham, LL13 8AE
Welcome to Henblas Square
Hardman Investment Partners are delighted to offer this development of 53 x apartments consisting of 38 x 1 Bed and 15 x 2 Bed apartments. All newly built to a high standard in this converted shopping centre located in the heart of Wrexham's city centre. Plans include a mixture of one and two-bed duplex apartments throughout the building, with many using the space to create mezzanine bedrooms. Mezzanine bedrooms 53 Apartments City centre location Specifications include:
Completed & tenanted Net yields of 10% Strong capital growth
Light and spacious accommodation All apartments in Henblas Square are spacious, delivering larger than average accommodation. The clever use of natural and electrical lighting ensures the apartments are light and airy, providing truly special homes. Beautifully crafted interiors, expertly appointed to suit any lifestyle. All of the stunning apartments provide ready to move in living space that will suit those looking for spacious and well-appointed living, with easy access to Wrexham city centre and surrounding area of Wrexham County Borough.
Open Plan Lounge / Dining Area 1 Bed - Was £205,882 | NOW £175,000 Rent - £17,500 per annum Yield - 10% The open plan living area offers a range of wall and base units in the kitchen with complementary work surfaces, stainless steel sink and drainer, electric oven and hob, fridge freezer, spot lighting and an electric heater. The lounge dining area provides television and telephone points plus internet outlet and a further electric heater. Large windows overlooking the mezzanine balcony gives plenty of natural light to the lounge / kitchen area. Mezzanine Bedroom Spiral staircase up to bedroom overlooking the living area below. A bright and spacious bedroom thanks to the windows directly opposite. Shower Room Tiled shower cubicle with wall mounted shower, low level WC and pedestal hand wash basin. Recess lighting, laminate floor and extractor fan.
Open Plan Lounge / Dining Area 2 Bed - Was £231,603 | NOW £196,875 Rent - £19,688 per annum Yield - 10% The open plan living area offers a range of wall and base units in the kitchen with complementary work surfaces, stainless steel sink and drainer, electric oven and hob, fridge freezer, spot lighting and an electric heater. The lounge dining area provides television and telephone points plus internet outlet and a further electric heater. Large windows overlooking the mezzanine balcony gives plenty of natural light to the lounge / kitchen area. Mezzanine Bedroom Spiral staircase up to bedroom overlooking the living area below. A bright and spacious bedroom thanks to the windows directly opposite. Bedroom 2 Large bedroom space with ceiling light point and wall mounted heater. Shower Room Tiled shower cubicle with wall mounted shower, low level WC and pedestal hand wash basin. Recess lighting, laminate floor and extractor fan.
SALES INFORMATION We are able to offer a large discount on these units due to a client purchasing 27 in bulk. 1 Bed units Was £205,882 - 8.75% Rental Yield Now £175,000 - 10.00% Rental Yield 2 Bed units Was £231,603 - 8.75% Rental Yield Now £196,875 - 10.00% Rental Yield
INVESTMENT OVERVIEW On a cash investment of £175,000: 3 years of Net assured rent – 10.0% Net – £17,500 per annum After three years - £52,500.00 Potential sale profit of £87,500 within 3 years Total Potential Profit on the investment of £175,000 is £140,000 Each buyer has the ownership title of their apartment. There are no costs for the 25-year management agreement. The rent is linked with the Consumer Price Index (linked to inflation) and cannot go down.
HENBLAS SQUARE 1 bedroom apartment from £175,000 3 year rental income £52,000 Potential sale profit within 3 years £87,500 *based on a 70% uplift, 30% kept by investor & 40% split 50/50 with developer, a 50% overall uplift kept by investor* Total potential profit £139,500 Return On Investment 80%
Wrexham officially became a city on Thursday 1st September 2022 after being awarded the status as part of the Queen's Platinum Jubilee celebrations. The honour was granted earlier this year, and the official "Letter Patent" confirms city status from 1 September 2022. It is now Wales' seventh city and the third in the north of the country. Wrexham joins Cardiff, Swansea, Newport, Bangor, St Davids and St Asaph in achieving city status. Located approximately 5 miles west of the English border Wrexham is the largest city and administrative centre of North Wales. The city is situated approximately 13 miles (21km) south west of Chester, 32 miles (52km) south of Liverpool and 54 miles (85 km) south west of Manchester. The city benefits from significant retail and commercial offerings and is home to Wrexham's Glyndwr University which is situated on the edge of the City Centre. Wrexham benefits from very good transport links and excellent road communications with both the A483 and A534 in close proximity linking the city to Chester in the north and Nantwich and Crewe to the East. The M6 and M56 are within a short drive and offer direct access to Liverpool and Manchester and the national motorway network. Wrexham has two railway stations which offer direct services to a number of towns and cities across Wales and the North West including routes to Chester (18 minutes) and Shrewsbury (36 minutes). There are regular services to London Euston via Chester with a journey time of just over two and half hours. Liverpool's John Lennon Airport and Manchester International Airport are respectively located 38 miles (61 km) and 45 miles (72 km) to the north east. WREXHAM
NEARBY BUS STOPS The closest bus stop is Overton Arcade and it's only 0.1 miles away from Henblas street. Overton Arcade 0.1 MILES Wrexham, Market Street B (Stop B) 0.1 MILES Market Street (Stop C) 0.1 MILES NEARBY TRAIN STATIONS The closest bus stop is Wrexham Central and it's only 0.3 miles away from Henblas street. Wrexham Central 0.3 MILES Wrexham General 0.5 MILES Gwersyllt 2.1 MILES
Wrexham - or Wrecsam as it's known in Welsh - is the fourth-largest city in Wales after Cardiff, Swansea and Newport. Wrexham already has an area population around 136,000. It is the fastest growing place in Wales after Cardiff. The population is expected to grow to around 150,000, by the late 2030s. Wrexham is a one-time mining and industrial city but it now has a number of successful, modern industries. These include high tech. manufacturing, biotechnology and financial and professional services. Wrexham has several business parks. Wrexham Industrial Estate is one of the largest industrial estates in Europe and is home to 300 businesses providing 8,000 jobs. All this makes Wrexham something of a jobs hotspot - great news for buy to let landlords. Big companies in Wrexham include Depository Trust & Clearing Corporation, Wockhardt, Ipsen, Magellan Aerospace and JCB as well as Kellogg's who employ 400. Fast-expanding telephone services company Moneypenny has built a new £15m HQ here. Other big employers here include Wrexham Maelor Hospital (Ysbyty Maelor Wrecsam in Welsh) and a new prison, HMP Berwyn. Berwyn will eventually be the largest prison in Europe with 1,000 staff on site. The Development Bank of Wales has set up its new HQ here too. WREXHAM ECONOMY
There are ambitious plans for the future. The Welsh Government Economy Secretary has said that Wrexham is becoming the economic capital of North Wales - andhas recently achieved city status. Wrexham is one of Britain's newest university cities. Wrexham Glyndwr University was only established in 2008 but already has around 6,700 students. The university has a £60m campus redevelopment plan. Bangor University also has a small campus here. Popular Wrexham student accommodation areas are in the town centre, and anywhere within 15 minutes walking distance of the campuses. Wrexham has been named the happiest place to live in Wales, and second happiest in the UK (after Worcester) in a survey by Provident Personal Credit. WREXHAM REGENERATION
Contact us for more information UK enquiries: +44 (0)7360 075721 Hong Kong enquiries: +852 9466 3301 Email: [email protected] www.hardmaninvestment.co.uk