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Holyhead Road, Bangor, Gwynedd, LL57

£400,000

£81.73 per sq ft

Business rates & charges may apply

Dafydd Hardy Commercial, Gwynedd
SIZE AVAILABLE

4,894 sq ft

455 sq m

SECTOR

Restaurant for sale

Key features

  • Investment property located prominently in Upper Bangor
  • Newly tenanted restaurant premises consisting of covered courtyard, bar, restaurant, large kitchen & numerous alcoves that provide seating
  • Benefitting from studio apartment, accessed via a metal spiral staircase
  • New 7 year lease in place providing an annual rental income of £20,400 per annum
  • Situated in a prominent position on Holyhead Road, a main thoroughfare for which there is a significant footfall with students

Description

Investment property located prominently in Upper Bangor


If you’ve lived, worked or been a student in Bangor sometime during the past 30 years or so, then you may well have heard or indeed visited this irresistible and truly one-of-a-kind restaurant/bar located in close proximity to the university and its lively student population.
It’s not often that such an opportunity would presents itself to acquire a unique restaurant/bar premises which brings to life in the truest sense the Aegean atmosphere, with your senses treated to a tangible feel of the warmer climes of Greece, stimulating your desire to make this venue somewhere you would definitely return to and recommend to friends and colleagues alike. The building has been painstakingly and lovingly nurtured over the years to become an authentic eating, drinking and music venue like no other. The owners have now decided that it’s time to hand over the business to the next budding entrepreneur and generation who might be able to continue to build on the past success of its restaurant and the ever popular bar and music venue which proved irresistible with the local student population and local musicians. This is made all the more enticing as the venue has an entertaining and musical license effective over 7 days a week.

The venue has a spacious covered courtyard which in turn opens through to the main bar, numerous cosy alcoves, the main restaurant (with first floor seating gallery areas too) and commercial kitchen/catering area. The venue is capable of seating around 150 patrons. The décor and theme in general is heavily biased towards a Greek lifestyle but could be adapted to suit a variety of uses and themes to suit. This sizeable premises provides an inspiring setting for what will undoubtedly be an exciting business opportunity. There is also the option to purchase a further Business Premises located adjacent and directly accessible via the main restaurant. Please direct all enquiries to our Bangor office.

Situated in a prime position on Holyhead Road which is on a main thoroughfare for students making their way to the main university campus. This busy section of the city with significant footfall, is a real hive of activity located near to the majority of the university buildings and student accommodation. Upper Bangor is home to a lively number of pubs, eateries, cafes and a major supermarket. Bangor is a thriving cosmopolitan city, highly regarded as the ‘city of learning’ that attracts students worldwide. There are plentiful schools and further education facilities also as well and a vast range of amenities which include excellent High Street shops, out of town retail parks, numerous supermarkets, post office, launderette and a mainline railway station. Bangor also offers a lively cultural experience due to the striking new 'Pontio' cultural art and innovation centre. The A55 is a short drive away allowing access to the Isle of Anglesey, the beauty of the Snowdonia National Park and the coastal towns, beaches and attractions.

ACCOMMODATION

The premises provide the following approximate dimensions:-

Ground Floor

364.5 m2 / 3923 ft2

First Floor

70.3 m2 / 757 ft2

Tenure

Freehold.

COUNCIL TAX BAND

C

Rates

We understand from our enquiries of the VOA website that the premises are assessed for Rates as follows:- Rateable Value £ 12,500 Interested parties to make their own enquiries as to any rate relief that may be applicable. Dafydd Hardy gives no warranty that the values supplied or the sums of money expressed as being payable are accurate and the assignee should make their own enquires with the Local Rating Authority to confirm the figures quoted are correct.

EPC

A copy of the Non-Domestic Energy Performance Certificate is available from the agents upon request.

Legal Costs

Each party will be responsible for their own legal costs incurred in this transaction.

VAT

Prices, outgoings and rentals are exclusive of, but may be liable to, VAT.

Viewing by appointment

Disclaimer

Dafydd Hardy Estate Agents Limited for themselves and for the vendor of this property whose agents they are give notice that: (1) These particulars do not constitute any part of an offer or a contract. (2) All statements contained in these particulars are made without responsibility on the part of Dafydd Hardy Estate Agents Limited. (3) None of the statements contained in these particulars are to be relied upon as a statement or representation of fact. (4) Any intending purchaser must satisfy himself/herself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) The vendor does not make or give and neither do Dafydd Hardy Estate Agents Limited nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property. (6) Where every attempt has been made to ensure the accuracy of the floorplan contained here, measurements of doors, windows, rooms and any (truncated)

Energy Performance Certificates

EPC Graph

Brochures

Holyhead Road, Bangor, Gwynedd, LL57

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bangor Station0.4 miles
  • Llanfairpwll Station3.1 miles

About Dafydd Hardy Commercial, Gwynedd

156 High Street, Bangor, Gwynedd LL57 1NU

Dafydd Hardy Estate Agents and Chartered Surveyors are a privately run, independent business with 5 offices covering Gwynedd, Anglesey and Conwy. Operating since 1992 we have excellent local experience, and the business has accumulated numerous prestigious awards along the way.

The business was started by Dafydd Hardy and Richard Thomas (both RICS Chartered Surveyors) in 1992 and is now a well-established and successful enterprise in North Wales, renowned and acknowledged for its expertise and vast experience in all residential and commercial property matters.

Dafydd and Richard still play a pivotal role in the day-to-day running of the business which uses the latest industry software, keeping abreast of an ever-changing market.

All of our staff are trained to provide excellent customer service, whether you are buying, selling, renting or needing a survey - you can be assured that we have the knowledge and expertise required.

We pride ourselves on being honest, transparent and available - we're contactable 7 days a week and carry out property viewings at weekends and evenings too.

Many customers recommend us to their families and friends; an accolade that we are very proud of.

Over 1400 customers have reviewed our services on the All Agents website, which the UK's largest customer review website for the property industry resulting us being awarded the 'Best Estate Agents in Wales' for 5 consecutive years.

We're looking forward to the year ahead and hope to add you as one of our satisfied customers!

Notes

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Disclaimer - Property reference COM170096. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dafydd Hardy Commercial, Gwynedd. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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